Adriana Iordan

Andrei Dudoiu

Angel Hadjiev

Bianca Iulia Simion

Delia Ene

Denisa Lacatus

Elena Ghinita

Eric Bartha

Ionut Patrahau

Laura Tibuleac

Oana Ciurea

Patricia Borlovan 

Radu Georgescu 

Sabin Gîlceavă

Sander Peltenburg

As AI continues to redefine industry standards, few sectors stand to benefit as profoundly as healthcare. With increasing complexity, data overload, and pressure for efficiency, the need for intelligent automation is more urgent than ever.
Founded by Rishi Wadhera, Shahir Raja, and Constantin Gorgan - industry veterans from the London Stock Exchange, Deloitte, and Microsoft - giles® emerged as Romania’s first enterprise-grade ChatGPT-style application. What began as a local initiative has grown into a global venture, now active across Europe, the US, and the Middle East.
In this exclusive interview, we spoke with Rishi Wadhera, CEO of giles®, about the company’s evolution, the healthcare AI boom, and why now is the perfect time to invest in its mission.
1. How did the idea for giles® come to life, and what problem were you solving from the beginning?
We started with a very simple goal: improve life at work. It was all about productivity, helping people get their day-to-day tasks done faster, and making the process easier. Around the same time, AI had just hit the mainstream, which was perfect timing for us. We knew we could use this technology to bring our vision to life in a tangible way.
2. Why did you decide to focus exclusively on the healthcare industry?
Our first customer, Regulatory Scientific &amp; Health Solutions (R-S-S), is a leader in health economics and drug development. They asked us to connect to PubMed - the open-access medical database from the US government, with over 40 million articles published by researchers, academics, and practitioners.
While building the MVP for R-S-S, we realized just how big the gap was in this space. We saw a chance to stick to our original mission - improving life at work - while focusing on an industry that’s crying out for efficiency. Plus, we loved that our contribution could indirectly help save lives, support patients, and ease the burden of researchers doing the heavy lifting.
It’s a largely untapped market for what we do. The value is real, and the gains are tangible - as long as we execute well on product and delivery.
3. What’s the biggest differentiator between giles® and other AI platforms like IBM Watson or Google Cloud AI?
While platforms like IBM Watson and Gemini are powerful engines behind the scenes of many AI apps, giles® is different - we’re not just another front. We use those LLMs, sure, but we focus on solving a real problem within healthcare.
What makes us stand out:
<ul>
<li>We go beyond surfacing insights from data. Once you&#39;ve uncovered research insights - say, on cancer drug development - giles® helps you act on them. That means creating tasks in project management tools, compiling documentation, arranging meetings via email, and more. It’s about full-stack workflow, not just chat.</li>
<li>We&#39;re LLM-agnostic. Most tools force you into a closed-source model - your data disappears into a black box. We support open-source LLMs that can run on your own infrastructure, keeping your data secure and within your control. And we have the partnerships to make that kind of deployment easy.</li>
<li>Today, none of the big players are properly connected to medical databases. That could change, but their models are trained on the internet at large - it’s a broad-brush approach. We’re focused on the nuances of healthcare.</li>
<li>We’re building tooling that helps researchers verify what AI says. Our current agreement rate is 94% - exceptional in today’s AI landscape - but it’s not 100%. So we’re equipping users with ways to validate outputs quickly and efficiently.</li>
<li>We’re also building defensibility into the product. Think digital subscription products that encapsulate SME knowledge - things you won’t find easily on the open web. We’re also exposing our capabilities via API for customers who want to embed giles® into their own platforms.</li>
<li>Lastly, most existing tools in healthcare are narrow SaaS solutions, with maybe a touch of AI. We’re conversation-first. giles® becomes a digital teammate - you talk to it like a colleague, to investigate, plan, and act.</li>
</ul>
4. How does giles®work in practice? What does implementation look like for a pharma company or hospital?
The healthcare ecosystem is huge. We&#39;re starting with medical research - particularly drug development. Researchers often need to pull data from public databases and their own internal documentation. giles® becomes the team member that helps them do that.
You talk to it. Ask it for insights, summaries, and opinions, and it delivers. Then, we go a step further. Once you’ve got those insights, giles® can help you structure the next phase: create tasks, collaborate with teammates, build out documentation, ensure compliance, and even loop in your sales systems for eventual distribution.
Soon, we’ll enable voice as well, speak to giles® and it speaks back. Down the line, we’ll also support hospital use cases - everything from appointment coordination to symptom analysis using layman-friendly language, in any language.
5. How do you ensure data accuracy, and compliance, and avoid AI hallucinations?
That’s one of our core strengths. We’re not building new LLMs, that’s expensive, resource-intensive, and unnecessary. Instead, we’ve developed clever algorithms that make us efficient with the data and context we send to the LLM and are equally smart about interpreting what comes back.
6. What kind of traction have you seen so far in terms of clients, use cases, or international presence?
We’ve been running for just under two years. We&#39;re incorporated in the US, UK, and UAE, with our dev center in Bucharest Romania has been incredible for technical talent.
We started with SMBs in the B2B space, particularly in medical research. But we quickly realized there’s a parallel B2C channel in academia, medical students, and faculty. That gives us rapid time-to-market and helps us build mindshare with future professionals who’ll eventually bring giles® into their workplaces.
7. What role has the partnership with Google UK played in your expansion?
Google has been a strategic cornerstone for us over the past year. Out of 38 startups they evaluated in the UK and Ireland, we were one of just three they flagged as having exponential growth potential.
They’re supporting us technically: infrastructure, AI services, and scale, but also in terms of marketing, funding, and go-to-market. They’re helping us connect with their client network, including 18 of the top 20 global pharma companies.
Together, we’re mapping out how to ideate, build, launch, and scale the right way.
8. What’s next for giles®in terms of growth, product, and new partnerships?
We’re being methodical. First up is HEOR: we’re already automating the extraction and workflow built around those datasets. Next is expanding our data connectivity, adding tools that support meta-analysis, and integrating deeper into the regulatory layer of healthcare.
We’re guided by a growing advisory panel that keeps surfacing new opportunities to improve how healthcare professionals work: faster, easier, and better.
9. What makes giles®a strong opportunity for investors and why now?
We’ve been bootstrapped for nearly two years, building a solid team and a product that sells. We’ve locked in domain credibility, strong technical delivery, and partnerships that will help us scale quickly and effectively.
With R-S-S and Google backing us, we’ve got momentum and validation. But to get this rocket off the ground, we need the right funding, and this round gives us a solid 24-month runway.
For investors, this is a chance to come in at an early stage, but with unusually strong foundations and growth prospects. The market is hot, our timing is right, and we’re ready to execute.
<a href="https://investors.seedblink.com/invest/giles/289">Explore the opportunity on SeedBlink.</a>

Interview with Rishi Wadhera, the CEO & Co-founder of giles®

Accelerating AI-powered research & workflows: the story behind giles®

In the first quarter of 2025, European venture capital funding held steady, continuing the stable trend since the broader market reset in 2022. While deal activity remained consistent, the fundraising side got off to a slower-than-usual start, pointing to potential challenges for the rest of the year.
Now, let’s take a moment to look at the detailed breakdown of key data points and developments from Q1, including regional performance, sector trends, and the evolving role of early-stage and late-stage investments.
<h2 id="european-fundraising-overview-in-q1-2025">European fundraising overview in Q1 2025</h2>
In Q1 2025, Europe’s venture funding stayed at $12.6B, showing no change from the previous quarter and year-over-year comparisons. Funding levels in the region have remained between $10 and $16B per quarter since the 2022 downturn, with recent quarters on the lower end. 
<img src="/img/screenshot-2025-04-14-170414.png" alt="">
Source: <a href="https://news.crunchbase.com/venture/european-funding-flat-q1-2025/">Europe’s VC Funding Q1 2025 - Crunchbase</a>
European venture activity remains stronger than in pre-pandemic years, with 2023 and 2024 both outperforming 2020 and earlier. In Q1 2025, Europe accounted for 11% of global venture capital, down from 16% in 2024.
<h2 id="european-vc-funding-in-q1-2025">European VC funding in Q1 2025</h2>
VC fundraising in Europe got off to a slow start in Q1 2025, with only €2.3 billion raised across 24 funds, setting the year on track to fall well below 2024’s totals. This segment tends to be uneven early in the year, and large fund closes can influence numbers, so Q1 results may not reflect the full-year trend.
<img src="/img/screenshot-2025-04-14-170522.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/q1-2025-european-venture-report">European Venture Report Q1 by Pitchbook</a>
Regionally, DACH led fundraising in Q1, followed by the UK &amp; Ireland and France &amp; Benelux. Three of the top 10 largest fund closes happened in the UK, and nearly 70% of all closed funds came from emerging players, including six first-time managers, showing us continued interest in new venture entrants.
<img src="/img/screenshot-2025-04-14-170640.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/q1-2025-european-venture-report">European Venture Report Q1 by Pitchbook</a>
Meanwhile, global venture returns are recovering but still negative on a one-year basis, and continue to lag behind other private asset classes over the mid-to-long term, possibly weighing on capital commitments as 2025 unfolds.
VC deal activity in Q1 2025
In Q1 2025, venture capital deal value in Europe reached €16.7 billion, putting it on track for a projected 10.8% year-over-year increase. Although the deal count was relatively low at just 2,433, some deals from Q1 will likely be added retroactively. Despite global economic uncertainty, VC dealmaking in Europe has held steady, mirroring the resilience seen in European public markets.
<img src="/img/screenshot-2025-04-14-170818.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/q1-2025-european-venture-report">European Venture Report Q1 by Pitchbook</a>
Top 3 European regions in VC deals
In Q1 2025, France &amp; Benelux recorded the weakest VC deal value performance among European regions, bringing in just €2.3B, a pace that suggests a steep 26.3% year-over-year drop. Most of this funding came from France, with €1.6 billion in deals, a quarter of which were AI-related. 
Despite a few notable deals like <a href="https://tech.eu/2025/01/28/alice-bob-secures-100m-for-fault-tolerant-quantum-computing/">Alice &amp; Bob</a> (€100M in cybersecurity), and <a href="https://flowdesk.co/updates/blogs/67bde3084abf69f06ef7c409/">Flowdesk </a>(€100M in crypto), the region has struggled to maintain momentum compared to others. 
<img src="/img/screenshot-2025-04-14-170942.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/q1-2025-european-venture-report">European Venture Report Q1 by Pitchbook</a>
Meanwhile, the DACH region is on track for a more modest 5.2% decline, and the UK &amp; Ireland are trending positively, with a projected 12.4% annual increase. While France &amp; Benelux still play a role in Europe’s VC landscape, their share has been gradually shrinking, reflecting shifting investor attention to faster-growing markets.
Top 3 industries in VC deals
On the sector front, AI and ML took the top spot in Q1 2025, surpassing SaaS for the first time, accounting for €4.6B of all VC deal value. This marks a significant change for the vertical, which has continued to steadily grow, from ranking 6th in 2015 to now leading the pack. 
SaaS, which has been a consistent top-three performer since 2015, ranked second, followed by fintech in third, maintaining its long-standing presence in the top tier. 
<img src="/img/screenshot-2025-04-14-171100.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/q1-2025-european-venture-report">European Venture Report Q1 by Pitchbook</a>
Life sciences also showed strength, finishing fourth with €2.5B in investment, pointing to a potential 20% year-over-year increase. Meanwhile, cleantech, which peaked in 2023, dropped to seventh, showing signs of investor rotation into faster-growing sectors like AI.
Women backing more women in venture
Additionally, female angel investors continued to support female-founded companies in 2024, participating in 25% of all VC deals involving women-led startups. While this marked a decline from the 2022 peak of nearly one-third, it remained above the baseline set in 2021, highlighting the continued role of women backing women in venture capital. 
Even as overall deal volume and active female investor numbers dropped to their lowest since 2018, female angels remained a key part of early-stage funding, particularly for companies at critical growth stages.
<img src="/img/screenshot-2025-04-14-171207.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/2024-european-all-in-female-founders-in-the-vc-ecosystem">European All In: Female Founders in the VC Ecosystem</a>
This continued involvement is especially important in a landscape where female founders still represent less than 25% of the European VC market. Despite that gap, female-led startups secured over €10B in funding in 2024, reaching their third-highest annual total. 
However, there are still some structural challenges. Women make up just 15% of decision-makers at large VC firms, and female angels themselves faced a pullback in risk appetite last year. Yet, with female-founded companies contributing to a record 21.5% of all exits in Europe, the momentum from successful outcomes could help fuel renewed interest and greater investment in women-led companies moving forward.
<img src="/img/screenshot-2025-04-14-171306.png" alt="">
Source: <a href="https://pitchbook.com/news/reports/2024-european-all-in-female-founders-in-the-vc-ecosystem">European All In: Female Founders in the VC Ecosystem</a>
<h2 id="expectations-for-q2-2025">Expectations for Q2 2025</h2>
CEE - becoming the rising star in Europe 
Central and Eastern Europe (CEE) has emerged as one of the fastest-growing innovation ecosystems in Europe, reaching a combined enterprise value of €243B in 2025. This represents a 15.5x growth over the last decade, more than double the European average.
<img src="/img/screenshot-2025-04-14-171428.png" alt="">
Source: <a href="https://dealroom.co/reports/central-and-eastern-european-startups-2025">Central and Eastern European Startups - Dealroom</a>
Despite historically limited access to capital, the region has produced 57 unicorns, 80% of which received VC or growth funding at some stage, according to the same report by Dealroom. Countries like Poland, Estonia, and Ukraine have led the charge, while a new generation of startups is emerging. 
Rising stars like <a href="https://tech.seedblink.com/case-study/flowx-ai-drives-smart-money-financing-through-seedblink">FLOW X </a>(automation and analytics), DRUID (AI-driven enterprise software), and <a href="https://tech.seedblink.com/case-study/lumen-raised-1000000-in-record-time-on-seedblink">.lumen</a> (assistive technology for the visually impaired) are gaining traction and recently <a href="https://investors.seedblink.com/">raised rounds on SeedBlink</a>.
See how .lumen raised €1M in just one day.
Explore how this assistive tech startup accelerated its mission to empower the visually impaired with smart glasses, powered by fast, smart financing on SeedBlink.
<a href="https://tech.seedblink.com/case-study/lumen-raised-1000000-in-record-time-on-seedblink">Read the .lumen case study.</a>
The CEE region is also becoming a critical player in defence and dual-use technology. Over 100 startups in this space are active, many contributing directly to Ukraine’s defense efforts.
More interest in DefenceTech
In 2024, venture capital investment in European Defence Technology startups hit a record high of nearly $626M, driven largely by geopolitical tensions and growing interest in technologies like drones and autonomous systems. Geographically, Germany led European funding in 2024, overtaking the UK for the first time, with Munich emerging as the top city hub.
<img src="/img/screenshot-2025-04-14-171704.png" alt="">
Source: <a href="https://dealroom.co/reports/defence-resilience-and-security-in-europe">DefenceTech Report - Dealroom x NATO Innovation Fund</a>
Early 2025 activity is off to a slow start, but the interest in European DefenseTech continues to pick up as geopolitical tensions rise and the U.S. signals a <a href="https://www.nytimes.com/2025/03/05/world/americas/ukraine-us-weapons-suspension.html">reduced role in supporting Ukraine</a>. With countries like Germany increasing military spending, public defense stocks have surged, and the private investment world is starting to respond. 
Investors and VCs are reporting a <a href="https://sifted.eu/articles/defence-tech-vibe-shift">&quot;vibe shift&quot; toward defense</a>, with more discussions among LPs and venture groups. This growing awareness is reflected in conversations and early signals of capital interest, particularly in response to the urgent need for <a href="https://commission.europa.eu/topics/defence/future-european-defence_en">Europe to build its own defense capabilities.</a>
The influence of AI continues to grow
AI’s global influence on venture capital is stronger than ever, now accounting for 20% of all deals worldwide. While the U.S. continues to lead the charge, securing over half of global AI venture deals in Q1’25, Europe is holding its own. 
In early 2025, Europe and Asia were neck and neck in terms of AI venture activity, each accounting for a similar share of global AI deals. This places Europe firmly among the top global hubs for AI investment, just behind the United States.
<img src="/img/screenshot-2025-04-14-171846.png" alt="">
Source: <a href="https://www.cbinsights.com/research/report/venture-trends-q1-2025/">State of Venture Q1’25 Report</a>
<h2 id="european-early-stage-investments-in-q1">European early-stage investments in Q1</h2>
In the first quarter of 2025, early-stage startups in Europe raised $5.4B across more than 280 deals, reflecting a steady flow of funding despite a slight dip in deal count compared to previous quarters. Investment levels were relatively stable, though slightly below the Q2 2024 peak, and on par with the last two quarters.
<img src="/img/screenshot-2025-04-14-171952.png" alt="">
Source: <a href="https://news.crunchbase.com/venture/european-funding-flat-q1-2025/">Europe’s VC Funding Q1 2025 - Crunchbase</a>
In Q1 2025, European seed investment totaled $1.6B across approximately 850 deals. While the funding amount held relatively steady compared to previous quarters, the number of deals continued a gradual downward trend that’s been ongoing since Q1 2024.
<img src="/img/screenshot-2025-04-14-172051.png" alt="">
Source: <a href="https://news.crunchbase.com/venture/european-funding-flat-q1-2025/">Europe’s VC Funding Q1 2025 - Crunchbase</a>
Despite this, seed activity remains strong by historical standards, and totals may rise slightly as late-reported deals are added. While early-stage interest still exists, the declining number of seed deals suggests a more cautious approach from investors at the beginning of the startup pipeline.
For Series A rounds, the most notable round came from <a href="https://sifted.eu/articles/verdiva-bio-biggest-series-a-raise">London’s Verdiva Bio</a> ($411M), which raised Europe’s biggest ever Series A rounds. Another round worth mentioning is the Series A round from <a href="https://www.globenewswire.com/news-release/2025/01/10/3007703/0/en/Windward-Bio-Launches-With-200-Million-Series-A-Financing-to-Develop-Phase-2-Ready-Long-Acting-Anti-TSLP-Antibody-With-Best-in-Class-Potential-in-Asthma-and-COPD.html">Sweden’s Windward Bio</a> ($200M) and the Series B from<a href="https://www.bloomberg.com/news/articles/2025-01-23/daniel-ek-s-neko-health-raises-260-million-for-us-expansion"> Stockholm-based Neko Health</a> ($260M)
While the number of deals has gradually declined since early 2024, the strong dollar volumes show continued investor confidence in promising early-stage European startups.
<h2 id="european-late-stage-investments-in-q1">European late-stage investments in Q1</h2>
In Q1 2025, Europe saw about $5.6B invested across more than 80 late-stage and tech-growth deals, a slight increase from the previous quarter but still below the Q2 2024 peak of nearly $8B. The number of deals remained relatively stable over the past year, hovering around 80–100 per quarter.
The major funding rounds in Q1 came from U.K.-based companies, including Google-backed <a href="https://www.isomorphiclabs.com/articles/isomorphic-labs-announces-600m-external-investment-round">Isomorphic Labs </a>($600M) and payments platform <a href="https://www.calcalistech.com/ctechnews/article/rjjmeyl3jl">Rapyd </a>($500M). Outside the U.K., <a href="https://www.eu-startups.com/2025/03/amboss-raises-e240-million-to-expand-position-as-leading-co-pilot-for-physicians-worldwide/">Berlin’s Amboss </a>($259M) and <a href="https://techcrunch.com/2025/01/27/travelperk-raises-200m-as-valuation-nearly-doubles-to-2-7b/">Barcelona’s TravelPerk</a> ($200M) also secured large rounds.
<h2 id="find-the-right-investors-and-financing-option-for-your-round">Find the right investors and financing option for your round</h2>
If you want to connect with VC funds or check out other active investors in the region, check out SeedBlink’s <a href="https://tech.seedblink.com/vc-network">European VC Network list </a>covering venture capital funds from SEE, DACH, Benelux, and others. 
Want to get a larger ticket from several angel investors combined? Consider more flexible funding options for your next round, such as<a href="https://tech.seedblink.com/syndicates"> SeedBlink&#39;s syndicate infrastructure</a> with its rolling facility that allows <a href="https://seedblink.com/2024-06-12-forget-huge-funding-efforts-rolling-facility-and-bridge-rounds-keep-your-startup-thriving">continuous fundraising</a>.

Discover the latest fundraising insights in European venture that influenced the first quarter of 2025.

State of Fundraising in Q1 2025: key findings from market reports

82% of cybersecurity breaches result from human error, according to a study by <a href="https://www.gartner.com/en/publications/employee-behaviors">Gartner</a>. While companies invest in firewalls and intrusion detection, these technical safeguards are not enough, the human factor remains the weakest link.
As organizations increasingly rely on digital infrastructure, the need for real-world cybersecurity training has never been more urgent.
But how did we get here and why is cybersecurity awareness such an important issue right now?
<h2 id="addressing-a-persistent-vulnerability-the-human-risk">Addressing a persistent vulnerability: the human risk</h2>
Despite ongoing investments in cybersecurity, breaches continue to occur. Attackers are exploiting human behavior, using phishing attacks and social engineering scams to bypass even the most advanced security networks.
A lot of companies implement cybersecurity training for their employees, which is a good initiative, but one that often falls short. Generic, infrequent sessions are quickly forgotten, leaving employees poorly equipped to recognize and respond to the latest threats. This is where Awakeness, a Romanian startup, steps in and offers a paradigm shift, aiming to transform human risk into cybersecurity resilience.
<h2 id="awakeness-ai-powered-personalized-protection">Awakeness: AI-powered personalized protection</h2>
Awakeness has developed an AI-powered SaaS platform designed to provide cybersecurity awareness training and simulations. The platform leverages the power of data science and machine learning to profile and predict high-risk users, modify behavior, and decrease costly security breaches by up to 70% with effective training.
Some of the platform&#39;s key features include:
<ul>
<li>Real-time, industry-specific phishing simulations: employees are tested with realistic phishing scenarios tailored to their industry and role, providing immediate feedback and identifying areas for improvement.</li>
<li>Personalized, AI-driven training modules: the platform analyzes user behavior and risk profiles to deliver customized training modules that address specific vulnerabilities and learning styles.</li>
<li>Regulatory compliance with GDPR, NIS2, and HIPAA, ensuring that organizations meet the growing demands of data privacy regulations.</li>
<li>Gamified learning for better engagement: interactive games and challenges make learning fun and engaging, improving knowledge retention.</li>
</ul>
The market for cybersecurity awareness training is <a href="https://cybersecurityventures.com/security-awareness-training-market-to-hit-10-billion-annually-by-2027-2/">projected to reach €9.16B by 2027</a>, making it a substantial opportunity for companies. With the increasing frequency and sophistication of cyber threats, organizations are recognizing the need to invest in comprehensive training solutions. 
Awakeness competes with established players like KnowBe4 and Keepnet Labs, but its AI-driven, highly personalized approach is what sets it apart. By leveraging data science and machine learning, Awakeness delivers a more effective and engaging training experience, leading to better results for its clients.
<h2 id="investment-opportunity">Investment opportunity</h2>
Awakeness is led by cybersecurity experts Dan Broasca (CEO) and Gabriel Avramescu (CPTO), backed by a group of experienced professionals from across the security and tech industries. Their deep understanding of the cybersecurity landscape and their commitment to innovation position Awakeness at the forefront of the cybersecurity awareness training market.
Having already 4200+ users and generating €1,500 in Monthly Recurring Revenue, Awakeness has an <a href="https://investors.seedblink.com/invest/awakenessai/343">active round on SeedBlink</a>, aiming to scale rapidly and meet the growing demand for robust, scalable cybersecurity awareness solutions.
As cyber threats become more sophisticated, Awakeness is ensuring that organizations evolve alongside them, transforming human risk into human resilience. For investors, Awakeness presents a strong opportunity to back a company that is addressing a critical need in a rapidly growing market.
<a href="https://investors.seedblink.com/invest/awakenessai/343">Discover the opportunity.</a>

Phishing attacks, weak passwords, and social engineering remain among the most effective ways for cybercriminals to infiltrate even the most secure networks. 

Turning human risk into cybersecurity resilience

Welcome to your weekly European tech digest. We&#39;ve handpicked the most impactful news, insightful reads, and essential podcasts shaping the continent&#39;s innovation landscape.
<h2 id="food-for-thought">Food for thought</h2>
Fintech leads Q1 | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D4eef748bb1%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579799382%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=VTykEQfJxlBlXfuphfp%2BgXQIMAZnK7aJTFTOhGrNLb0%3D&amp;reserved=0">Read more</a>
In the first quarter of 2025, European tech companies raised €18.4 billion across 912 deals, a 40% drop compared to the €29.9 billion secured in Q1 2024. Despite the decline, this still marks a 25% increase from the €14.7 billion raised in Q1 2023.
Scientist founders to watch in European deeptech | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D1fd8e4f147%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579833975%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=gHV6JdNsWNzeph5JYDy%2B%2FnbZyruN2ck6L3JMmwSZBic%3D&amp;reserved=0">Read more</a>
Dive into the stories of 25 scientist founders who are redefining the boundaries of technology and entrepreneurship, and learn how their unique blend of scientific expertise and entrepreneurial spirit is shaping the future of European innovation.
Enhancing food delivery efficiency with e-bike subscriptions | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D4aaf8232e8%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579860182%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=ZOOHy4s84fQjBuHnuBS89JDRw5lXPU1BwxJM8%2BAEsbQ%3D&amp;reserved=0">Read more</a>
Food delivery couriers play a crucial role in urban economies, yet many struggle with the high upfront costs of transportation. As food delivery services expand, there is a growing demand for a cost-effective, sustainable, and hassle-free mobility solution.
Podcast of the week: Tom Hulme &amp; Stan Boland - <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D8bd814761d%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579892860%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=PLzfNvsiYUGJUIuj2NxHG%2BSph3gBlS1i6em3O31vC9E%3D&amp;reserved=0">Tune in</a>
Tom Hulme, General Partner at GV, and Stan Boland, CEO of FiveAI, dive into the future of tech ecosystems and innovation. From fixing the UK tech landscape to lessons learned from global leaders like Stripe and Jensen Huang, this episode unpacks strategies for retaining talent, improving government support for venture capital, and navigating geopolitical challenges. 
<h2 id="seedblink-secondaries">SeedBlink Secondaries</h2>
Early-liquidity solutions for investors &amp; employees.
Secondary deals offer the opportunity to invest in established companies by buying shares directly from current shareholders, bypassing traditional funding rounds. Currently available:
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3De42b2c1985%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579919704%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=9AqAXNgr2EGzQfj9RpNVWEIj%2Bi1cxDyS%2BrQFjp34y88%3D&amp;reserved=0">Databricks </a>- AI cloud data platform | 10,000 organizations globally, including 60% of the Fortune 500, with clients such as Block, Comcast, Shell, and Rivian. </li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D9bc63d6e05%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579942452%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=POvKTLHU5TME44i4wz4tfWEMs%2FUgZp4OFgMPQwwHWcc%3D&amp;reserved=0">.lumen</a> - glasses for the blind | Landmark year with record-breaking raise, commercialization in sight, and global showcases (Toyota Mobility Foundation, Amazon Web Services, NVIDIA, CES).</li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D168e43287d%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579963481%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=thoSTe3wW7RgMeC9%2B7RqD7ltntbDJTMlX%2FHDCi1hNQQ%3D&amp;reserved=0">Bolt </a>- urban mobility, redefined | Operating in 500+ cities across 45+ countries. With over 150 million users and a €2 billion annual revenue milestone achieved in 2024. </li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Ded6b0a05f6%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090579985426%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=K2yhR2ptoO6H38VZNe4MVSkDtJzBUn1SytH5X7h5%2BGg%3D&amp;reserved=0">Epic Games</a> - gaming and software licensing | Over 800 million accounts across Fortnite, Fall Guys, and Rocket League. $5.8 billion estimated revenue in 2024. </li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D6bbbc34993%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580006980%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=esihpo3wWGRuZCNDpRj1A%2F6McpuhRQ2U1isuiP4Kfhs%3D&amp;reserved=0">Koenigsegg</a> - automotive excellence | hypercar company selling vehicles ranging from $1.7-4.5 million each, maintaining profitability while setting world records through innovative technology. </li>
</ul>
<h2 id="seedblink-ventures">SeedBlink Ventures</h2>
Co-invest alongside top-tier investors in tech startups. 
<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D2ee351e5b5%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580027161%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=lgzUsy5OvuSw5TTjIktWxzr1xiuSQSlFSYHI2Q%2BLpqM%3D&amp;reserved=0">giles®</a> is addressing the global clinical and medical research market, valued at $80,71B in 2025 with an AI-powered research assistant that integrates with medical databases, understands complex queries, and automates time-consuming admin tasks.
<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dcab8738bd0%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580049695%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=hO8xzNntdH8S9%2FiHgfH4kQfNVaTRPJ81Kf86MohhL9U%3D&amp;reserved=0">Brainhero</a> is on a mission to revolutionize therapy for children with autism and ADHD addressing critical gaps in pediatric healthcare. Backed by Xista, Arax Capital Partners.
... and other 10 startups are actively raising now. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3De93b87f02a%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580070600%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=We9Iw25q66HLQlHn9u5hjrAJy4vHMUpA7eGuDID2iU0%3D&amp;reserved=0">Explore them.</a>
On the Bulletin Board: Take control of your portfolio with SeedBlink&#39;s Secondary Market. Buy or sell shares in 45 promising tech startups—no minimum ticket required. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dc9dac4eb8e%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580090618%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=omEE8mkSc9WZofGum%2BRNKY1ihf6XRto6cR5lbUPfr0I%3D&amp;reserved=0">Explore your opportunities. </a>
<h2 id="community-events">Community events</h2>
Learn all about specific startups and the bigger tech picture.
Thursday - April 24 - 3:00 PM CET - online
🎙️<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D2f261d327f%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580133147%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=yLq%2Fz1xta5GqcgH18ujhIbDVyhCHVpp3w4iyT0ZAQEM%3D&amp;reserved=0">Fire pitch with giles</a> - a startup that created an AI agent for faster and easier clinical, medical and healthcare research by leveraging conversational AI to accelerate data-driven decision-making.
<h2 id="seedblink-syndicates">SeedBlink Syndicates</h2>
Pool capital, aggregate shareholders and simplify governance.
Our new Angels &amp; Deal Makers tool enables investment leaders to pool smaller tickets into powerful investment vehicles without the admin hassle.
We&#39;re currently seeking design partners from the angel and deal maker community - if you&#39;re interested in shaping this specialized experience and access special pricing, join our <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dd11a7ff4ed%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580152967%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=ApajMDdbl5bvVZmhtVLvHWzWyaiWvvZ2oobetWT%2FpU0%3D&amp;reserved=0">early access program</a>. And if you know an angel who might be a great fit, feel free to share. Here’s to smarter investing and better deals. 
<h2 id="seedblink-equity">SeedBlink Equity</h2>
Equity management, stakeholder governance and portfolio tracking.
Portfolio management: tools and tactics for investors | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D7fcdf5e48f%26e%3D4c993f484b&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C81b2ed7487c54567294708dd7b1de494%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638802090580174768%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=jS5YWsOOHtK%2FGXDO6YkxFKr9SSGrc25YNIEVVbdqsOQ%3D&amp;reserved=0">Read more</a>
Managing a VC portfolio requires balancing return maximization with risk management. Success depends on strategic capital allocation, well-timed follow-on investments, founder support, and data-driven performance tracking - all within a long-term framework suited to startup uncertainty.

Welcome to our weekly conversation starter.

Weekly Digest: curated tech news & food for thought

The fashion industry is undergoing an important digital transformation, and Irisphera is at the forefront of this change. Founded by Antonia Dumitriu, CEO, Irisphera combines cutting-edge AI and computer vision technology to tackle two major challenges in online fashion retail: high return rates and unsustainable shopping habits.
Having a mission to empower retailers and enhance customer experiences, Irisphera offers an AI-powered SaaS platform that integrates virtual personal shopping assistance with scalable 3D try-on technology.
In this interview, we spoke with Antonia about her entrepreneurial journey, Irisphera’s approach to fashion tech, and her vision for the future.
1. You founded Irisphera at the age of 18. What inspired you to create this company, and how does your background in fashion influence its mission?
I started working in the fashion industry at 16, and during the pandemic, while still in high school, I noticed a gap. With photoshoots and in-person consultations on pause, I began looking for opportunities that often emerge during moments of crisis. As an image consultant, I understood how time-consuming and costly it was for clients to discover their personal style, body shape, and color palette. That’s when I asked myself: how can we simplify and automate this process to make it more accessible, authentic, and tailored-not just trend-driven? That question became the foundation of Irisphera.
Later, studying Fashion Styling and Creative Direction at Istituto Marangoni in Milan allowed me to immerse myself even deeper in the industry. I had the chance to participate in major fashion weeks, collaborate with brands like Jil Sander, and grow a strong network. All of that helped shape me into a true professional and further refine the mission behind Irisphera. 
2. How does Irisphera’s AI-powered platform address key challenges like high return rates in online fashion shopping?
Through curated, tailored recommendations based on each shopper’s unique look -including body shape, sizing, and color palette - we help customers feel more confident in their purchase decisions. Our AI ensures that garments are not only the right size, but also the right cut, fit, and style for the individual.
In addition, by enabling shoppers to visualize selected items 360° before purchasing, we bring the online experience closer to in-store, reducing uncertainty and hesitation. As a result, Irisphera aims to reduce return rates by up to 30%, while improving customer satisfaction and conversion rates. 
3. What sets Irisphera apart from competitors in the fashion tech market? 
Current market solutions fall into two main categories: basic size recommenders and virtual try-on tools that rely on generative AI or photogrammetry, which takes at least 10 minutes per garment. While generative AI can showcase a garment’s color and pattern, it fails to accurately depict its true fit on the shopper’s body, leading to misleading results. Meanwhile, 3D try-on tools that rely on physical samples require transportation and manual processing, making them expensive, time-consuming, and hard to scale.
Irisphera combines fashion expertise with cutting-edge technology. Our innovative approach automates the image consulting process, promoting authenticity and prioritizing what fits shoppers best. Irisphera goes beyond size recommendations - to guide shoppers by suggesting clothing based on their detected silhouette and ideal color palette, ensuring a personalized and flattering shopping experience. Our AI-powered personal styling tool equips retailers with valuable data, allowing them to adapt through actionable insights. It enhances buyer persona identification, optimizes inventory, and improves demand forecasting, minimizing waste and aligning with sustainability expectations from both shoppers and governments.
We use 3D technology for virtual try-ons, delivering a realistic and confident shopping experience. Unlike competitors who rely on physical samples, our scalable system transforms 2D clothing images into precise 3D models in seconds using only retailers’ website photos. Moreover, our system employs custom computer vision models specific to a garment&#39;s actual construction, allowing for a level of geometric and textural accuracy not possible with generative models, with better efficiency of processing. 
This cost-effective, eco-friendly solution enhances customer confidence, boosts conversion rates, and supports sustainable retail. 
4. Sustainability is a key focus for Irisphera. How does your platform contribute to reducing environmental impact?
Irisphera is reshaping online fashion by tackling high return rates and unsustainable shopping habits. Our AI-powered SaaS platform combines a virtual personal shopper with scalable 3D try-ons, helping retailers reduce costs, optimize inventory, and support sustainability. By providing tailored recommendations and realistic 3D virtual try-ons, we enhance shopper confidence, cut returns, and minimize waste. 
5. What are the key features of Irisphera’s technology that enable personalization at scale? 
Irisphera’s technology enables personalization at scale through several key features. Our recommendation system delivers tailored clothing suggestions based on each shopper’s unique look, designed to perform at scale without compromising on personalization. Additionally, our advanced 2D-to-3D automated clothing transformation system, powered by computer vision, converts garments from photos into detailed 3D models. Separately, we generate customized avatars that reflect individual body shapes, enabling a highly personalized virtual try-on experience when combined with the transformed garments. 
6. The global fashion e-commerce market is projected to reach €1.3 trillion by 2033. How does Irisphera plan to scale in this growing industry? 
To ensure scalability in the rapidly expanding global fashion e-commerce market, Irisphera has developed plugins for platforms like Shopify and WooCommerce, enabling seamless integration with small to mid-sized retailers. Beyond offering just a feature, we provide a robust ecosystem with flexible plans tailored to the size and needs of each retailer.
In addition to delivering personalized recommendations, our technology enables the automatic transformation of a large number of garments, into mass-market-ready digital assets. This supports large-scale virtual try-ons and the creation of 3D avatars at scale. While we support businesses of all sizes, our core strategy focuses on scaling with large enterprises to drive maximum value. 
7. What are the next milestones for Irisphera’s growth? 
Our next milestones for Irisphera’s growth include onboarding 10 small to mid-sized retailers this year and publicly launching our CMS plugins for platforms like Shopify and WordPress. We&#39;re also in advanced discussions with major enterprise retailers, including well-known names such as Valentino and Fashion Days, with the goal of securing a strategic partnership.
Geographically, our expansion will focus on the Romanian, Italian, and Benelux markets throughout this year. On the technological front, we are prioritizing the simplification and enhancement of mannequin creation-bringing greater realism and enabling features like face upload and the automated transformation of complex garments from photos into 3D models. This supports our broader mission of achieving scalability in fast fashion, particularly in high-demand areas.
Additionally, we plan to roll out our solutions as in-store sales tools for client advisors in the luxury segment, strengthening the bridge between digital and physical retail experiences. Finally, we aim to attract a seed investment round by Q1 2026 to fuel our continued growth.
With this investment round, we plan to accelerate our sales and marketing efforts, with a strong focus on international expansion. Our goal is to scale globally, leveraging strategic partnerships and the support of Go Global and Arieli Capital to establish a solid presence in key international markets. 
8. For investors considering Irisphera, why is now the right time to support your vision? 
The fashion e-commerce and fashion tech sectors are experiencing continuous growth. In fact, 85% of online fashion brands in the U.S. are actively seeking to integrate digital solutions. Capturing just 1% of this market would connect Irisphera with over 26,000 potential clients, equating to a revenue opportunity of approximately €200M in ARR. 
Beyond personalization, Irisphera also responds to the increasing demand for digitalization and sustainability in the fashion industry. While early movers like Zalando and Walmart have started acquiring startups in this space, most major players have yet to take significant action. This creates a strong opportunity for M&amp;A activity within the next five years an area where Irisphera is strategically positioned to become a key player. 
<a href="https://investors.seedblink.com/invest/irisphera/342">Explore the opportunity on SeedBlink.</a>

An interview with Antonia Dumitriu, CEO of Irisphera

Scaling AI-powered fashion personalization: Irisphera’s vision 

If you’re a founder planning to raise capital in the second half of 2025, now is a great time to start mapping out which VCs to approach. The first quarter of this year saw a wave of fresh fundraising activity, with several funds across Europe closing new vehicles and getting ready to deploy capital.
Knowing which firms are actively investing, and understanding what kinds of startups they’re looking for, can give you a competitive advantage. Whether you&#39;re building in deeptech, climate, SaaS, or healthtech, targeting investors with dry powder and aligned theses increases your chances of landing the right partner.
To help streamline your outreach, we’ve rounded up venture capital firms from the SEE, DACH, and Benelux regions that closed new funds in Q1 2025. Scroll down to explore who’s raised, how much, and where they’re focusing their investments.
<h2 id="new-vc-funds-raised-in-see">New VC funds raised in SEE</h2>
Here is a list of new venture capital funds raised in the first quarter of 2025 in the SEE region: 
<ul>
<li>[Cyprus] 33East — The Cyprus-based VC firm has <a href="https://tech.eu/2025/01/21/33east-closes-26m-fund-to-invest-in-cyprus/">closed its inaugural fund at €26M</a>, targeting pre-seed and seed-stage startups with ties to Cyprus. Backed by the European Investment Fund, the Government of Cyprus, the National Recovery and Resilience Fund, and local investors including the Bank of Cyprus, the fund will deploy €500K to €1M per startup, with an additional €2.5M allocated to an acceleration compartment for early-stage ventures.</li>
<li>[Greece] Evercurious VC — Newly launched Evercurious VC has <a href="https://therecursive.com/evercurious-vc-fund-greece-europe-deep-tech-george-georgiadis/">closed its first fund at €12.5M</a> to back pre-seed and seed-stage deep tech startups in Greece and beyond. Backed by the Hellenic Development Bank of Investments, the fund aims to build a 20-startup portfolio while fostering cross-border collaboration with innovation hubs in Zurich, Munich, and Berlin.</li>
<li>[The Czech Republic] Soulmates Ventures — Prague-based <a href="https://www.eu-startups.com/2025/03/soulmates-ventures-expands-investment-in-sustainable-innovation-with-e50-million-fund/">Soulmates Ventures has raised a €50M </a>fund to support sustainable startups under Article 9 of the SFDR. The fund will invest up to €3M in each startup, with follow-on funding that can reach €5M.</li>
<li>[The Czech Republic] Tachles VC — Founded in 2024, Prague-based Tachles VC has <a href="https://therecursive.com/tachles-vc-czech-vc-fund-israeli-knowledge-transfer-investment-portfolio/">launched a cross-border early-stage fund</a> focused on AI, cybersecurity, and cloud infrastructure. Backed by HNWIs and family offices from the US and UK, the fund invests primarily in pre-seed and seed-stage startups in Israel and the Czech Republic, with initial tickets ranging from $100K to $500K.</li>
</ul>
Additionally, regional investors are cautiously optimistic about 2025, with <a href="https://therecursive.com/62-of-cee-investors-think-investment-climate-in-2025-will-be-more-favorable/">62% expecting a more favorable investment climate</a>. VCs in the region are eyeing big opportunities in AI, Cybersecurity, and Deep Tech, despite economic and geopolitical challenges.
<img src="/img/screenshot-2025-04-11-160127.png" alt="">
Source: The Recursive
<h2 id="new-vc-funds-raised-in-dach">New VC funds raised in DACH</h2>
Here is a list of new venture capital funds raised in the first quarter of 2025 in the DACH region: 
<ul>
<li>[Austria] Fund F — The Austrian VC firm has <a href="https://sifted.eu/articles/fund-f-28m-diverse-founders">closed its inaugural fund at €28M </a>to back early-stage startups led by gender-diverse teams. Focused on pre-seed and seed investments, Fund F will write checks of approximately €300k to companies with at least one female cofounder and equal cap table representation. </li>
<li>[Germany] Cherry Ventures — the 13-year-old VC firm based in Berlin, Stockholm, and London, has <a href="https://sifted.eu/articles/cherry-ventures-raises-500m">raised $500M for its fifth early-stage fund </a>and an additional opportunity fund aimed at Series B and later-stage investments.</li>
<li>[Germany] Hitachi Ventures — The Munich-based VC arm of <a href="https://www.vestbee.com/blog/articles/hitachi-ventures-raises-400-m-fund">Hitachi Group has raised a $400M fund</a>, bringing its total AUM to $1B. The new HV Fund IV plans to invest around $5M per deal, reserving approximately 55% of its capital for follow-on opportunities in industrial AI, data centres, and emerging fields like biotech, quantum computing, and space technologies.</li>
<li>[Germany] naturalX Health Ventures — The Berlin-based VC firm has <a href="https://www.eu-startups.com/2025/02/e100-million-for-vc-naturalx-health-ventures-to-fuel-consumer-health-in-europe/">launched a €100M fund</a> to accelerate European consumer health innovation. Focused primarily on Series A investments, while remaining flexible for late Seed and Series B rounds, the fund typically deploys initial checks of €3-5M, with follow-on investments of up to €10M per company.</li>
</ul>
<h2 id="new-vc-funds-raised-in-benelux">New VC funds raised in Benelux</h2>
Here is a list of new venture capital funds raised in the first quarter of 2025 in the Southest European region: 
<ul>
<li>[Belgium] Capricorn Partners — The firm has <a href="https://capricorn.be/en/news_items/capricorn-partners-launches-the-capricorn-healthtech-fund-ii-with-a-first-closing-of-eur51-million">launched Capricorn Healthtech Fund II</a> with a first closing of €51M. With initial investment tickets between €1M and €5M, the pan-European fund is backed by prominent LPs including Invest-NL, Sensinnovat, Quest for Growth, and others, and is managed by a team with over 20 years of healthcare expertise.</li>
<li>[Brussels] Smartfin — The investment firm has <a href="https://smartfinvc.com/news/smartfin-closes-third-growth-fund-at-e250-million-with-backing-from-eif/">closed its third growth fund at €250M</a>, with strong backing from the European Investment Fund (EIF). Focused on accelerating high-potential companies, the fund is set to provide follow-on capital and drive growth across European innovative sectors.</li>
<li>[Luxembourg] Adara Ventures — The firm has announced <a href="https://www.adara.vc/news/announcing-av4">the first close of its fourth flagship fund</a>, AV4, with €100M in capital commitments. Focused on high-impact sectors such as cybersecurity, applied AI, digital infrastructure, digital health, hardware components, and space, AV4 builds on Adara’s long track record since 2005, with over 50 investments and 10 notable exits including AlienVault and PlayGiga.</li>
</ul>
<h2 id="other-vc-funds-raised-in-europe">Other VC funds raised in Europe</h2>
Last but not least, we are bringing you the a list of other new venture capital funds that were raised across Europe in the first quarter of 2025. 
<ul>
<li>[Denmark] IDC Ventures — The Copenhagen-based firm has unveiled its inaugural fund-of-funds, <a href="https://techfundingnews.com/idc-ventures-unveils-e150m-venture-fund-aiming-to-diversify-tech-investments-across-europe-and-beyond/">VC4 FoF I, with a €150M</a> cap. The fund, which secured €33M in its first close in January 2025, adopts a capital preservation strategy and aims to diversify investments across approximately 30 top-tier venture capital funds.</li>
<li>[France] Daphni — Paris-based VC Daphni has <a href="https://sifted.eu/articles/daphni-250m-fund-climate">launched a new climate tech fund</a> with a target of €250M. The fund has already raised €200M and will close with an additional €50 million by year’s end.</li>
<li>[France] Shift4Good — The Paris and Singapore-based impact fund has <a href="https://www.shift4good.com/news/220m-to-drive-sustainable-transportation/">closed its first fund at €220M</a> to drive sustainable transportation solutions. Backed by Tier-1 corporates and institutional investors, including Renault Group, BNP Paribas, and the European Investment Fund, the fund has already invested in 13 companies across Europe and Southeast Asia, and plans to expand its portfolio to 25–30 firms.</li>
<li>[France] Revaia — Leading European growth investor Revaia has <a href="https://www.eu-startups.com/2025/04/growth-investor-revaia-closes-revaia-growth-ii-fund-at-e250-million/">closed its second fund</a>, Revaia Growth II, at €250M, bringing its total assets under management to €600M. With support from long-time backers like Bpifrance and the European Investment Fund, and fresh partners including BNP Paribas Cardif and JP MorganChase, this fund is already 40% deployed in key sectors such as energy transition, AI, and cybersecurity.</li>
<li>[Finland] OpenOcean — Helsinki-based OpenOcean has <a href="https://sifted.eu/articles/openocean-vc-new-fund">closed €100M for its fourth fund,</a> with a final close target of €130M by mid-2025. The fund will invest in 18–20 early-stage startups, focusing on data infrastructure, vertical AI solutions, and private equity-style rollups that layer AI on traditional businesses.</li>
<li>[Finland] Superhero Capital — The Helsinki-based VC firm has <a href="https://tech.eu/2025/01/08/superhero-capital-launches-50m-fund/">launched its fourth fund</a> with a target of €50M, focusing on opportunities in Finland and the Baltics. The fund, backed by LPs including Elo Mutual Pension Insurance Company and Tesi, marks a strategic expansion into Lithuania with new partners Gytenis Galkis and Audrius Milukas.</li>
<li>[Finland] Voima Ventures — The deeptech investor has <a href="https://voimaventures.com/scaling-science-and-sustainability-voima-ventures-finalises-fund-iii/">finalized Fund III at over €100M</a>. Focused on science-driven innovations across the Nordic and Baltic regions, the Article 8 fund targets 25–30 startups with initial checks from €200K to €3M.</li>
<li>[Italy] Vento Ventures — The Turin-based VC firm has <a href="https://www.eu-startups.com/2025/03/vc-fund-vento-launches-e75-million-fund-ii-to-back-the-boldest-italian-founders/">launched Fund II with a target of €75M</a> to back the “boldest” Italian founders globally. Focused on scaling Italian tech talent, the fund will deploy a standard €150K ticket and make up to 375 investments over the next five years.</li>
<li>[Portugal/UK] Defiant — The London and Lisbon-based early-stage VC firm has emerged from stealth with <a href="https://techcrunch.com/2025/01/09/defiant-is-a-new-european-vc-firm-that-uses-data-and-products-to-make-better-investments/">$30M raised and plans to target up to $70M</a> for its inaugural fund. Focused on B2B SaaS and fintech, Defiant invests in late seed and Series A rounds, with deal sizes between $1M and $10M.</li>
<li>[UK] 2150 — The venture arm of private investment firm Urban Partners has <a href="https://sifted.eu/articles/exclusive-2150-raises-e197m-for-second-fund">raised €197M </a>for its second fund. With offices in London, Oslo, Berlin, and Copenhagen, the fund targets investments in the &quot;urban stack&quot;, from startups developing resilient construction materials to those focused on electrifying transport options.</li>
<li>[UK] Arāya Ventures — The London-based firm has completed the first close of<a href="https://www.eu-startups.com/2025/03/araya-ventures-rolls-out-e22-million-debut-fund-to-back-60-innovative-startups/"> its debut Arāya Super Angel Fund at €22M</a>, bolstered by a €6M commitment from British Business Investments. Focused on up to 60 innovative pre-seed and seed-stage startups across Health, Fintech, Commerce, and the Future of Work</li>
<li>[UK] Thoma Bravo — The US private equity firm has <a href="https://sifted.eu/articles/thoma-bravo-europe-software">closed a €1.8bn fund for European software companies</a>, focusing on middle-market businesses typically earning between $1bn and $10bn in revenue. Thoma Bravo has operated in Europe since 2011 and opened a London office in 2023, targeting compliance, healthcare, and CFO-focused software deals ranging from €150M to €1bn.</li>
<li>[Monaco] Monte Carlo Capital — Led by solo GP Ian Sosso, this VC firm has successfully<a href="https://www.eu-startups.com/2025/03/monte-carlo-capital-closes-e11-7-million-fund-to-back-deeptech-and-transformational-startups/"> closed its first fund, raising €11.7M</a> for a unique hybrid investment model. Already, MCC has deployed €6.5M across 22 portfolio companies, while an additional €6.7M has been funneled through SPVs in 10 co-investments.</li>
<li>[Spain] 4Founders Capital — The Barcelona-based VC firm has <a href="https://tech.eu/2025/02/19/4founders-capital-launches-new-44m-fund-for-spanish-linked-startups/">launched its third fund, 4Founders Capital III,</a> with €44M secured primarily from existing investors. Early investments include Punto Post’s €1M round, which is transforming last-mile logistics in Mexico, and Mogu, a SaaS platform accelerating sales for travel agencies.</li>
<li>[Spain] Nina Capital — The Barcelona-based VC firm has <a href="https://sifted.eu/articles/exclusive-nina-capitals-new-e50m-fund-sets-sights-on-early-stage-healthtechs">reached the first close of its third fund at €50M</a>, targeting early-stage HealThtech startups across Europe, the US, Canada, Israel, and Australia. The fund plans to invest in 25 pre-seed to Series A companies, with cheque sizes ranging from €250k to €1.5M and a target ownership of 8–10%.</li>
<li>[Sweden] Incore Invest — The investment firm has <a href="https://www.eu-startups.com/2025/03/incore-invest-raises-e25-million-in-second-fund-to-accelerate-high-growth-investments-across-europe/">successfully raised €25M for its second fund</a>, Incore Invest II. This new fund is set to accelerate the growth of high-potential SaaS, embedded finance, and FinTech companies across Europe.</li>
</ul>
<h2 id="find-the-right-investor-and-financing-vehicle-for-your-round">Find the right investor and financing vehicle for your round</h2>
If you want to connect with these investors or check out other active investors in the region, check out SeedBlink’s <a href="https://tech.seedblink.com/vc-network">European VC Network list</a> covering venture capital funds from SEE, DACH, Benelux, and others.

Discover the latest European VC funds raised in Q1 2025. Find out who you should pitch if you match their investment criteria. 

Ready to invest: European VCs that raised fresh funds in Q1 2025

By providing purpose-built electric bicycles with maintenance support, Renter addresses transportation challenges, aiming to improve courier productivity and promote sustainable urban mobility. 
Food delivery couriers play a crucial role in urban economies, yet many struggle with the high upfront costs of transportation. For newcomers - especially immigrants or those with limited financial resources - starting work in the industry can be a challenge. Traditional bicycles, while affordable, are physically demanding and limit earning potential. On the other hand, using cars for deliveries leads to high fuel and maintenance expenses while contributing to urban congestion and pollution. 
The challenges faced by food delivery couriers 
Third-party logistics (3PL) companies that attempt to purchase and maintain their own fleets encounter another set of challenges. The costs of acquiring and servicing vehicles are substantial, courier retention is unpredictable, and managing a fleet’s logistics requires significant effort and resources. As food delivery services expand, there is a growing demand for a cost-effective, sustainable, and hassle-free mobility solution. 
Renter: a practical and scalable solution 
Renter addresses these challenges with a long-term, maintenance-included e-bike subscription service designed specifically for food delivery riders. Couriers can access high-quality, purpose-built e-bikes without making an upfront investment, allowing them to start working immediately and maximize their earnings. Each bike is engineered for intensive daily use, featuring ergonomic designs, dual batteries for extended range, and security features such as GPS tracking and anti-theft chains. 
Unlike traditional bike rental services, Renter focuses on reliability and efficiency. Couriers benefit from a rapid maintenance policy - if an issue arises, the bike is either fixed within 30 minutes or replaced, minimizing downtime and ensuring uninterrupted work. This level of support sets Renter apart from competitors, where repairs can take days and significantly impact couriers&#39; income.
Market opportunity and growth potential 
The food delivery industry is rapidly expanding, and the demand for cost-effective mobility solutions is increasing. <a href="https://www.reportlinker.com/clp/country/597579/726388?">In Romania alone</a>, there are approximately 20,000 couriers, creating a €45 million annual market. <a href="https://www.statista.com/outlook/emo/online-food-delivery/europe?">Across Europe</a>, the number of couriers is estimated at <a href="https://www.statista.com/outlook/emo/online-food-delivery/meal-delivery/romania?">0.7M - 1M,</a> with a total addressable market of €1.7 billion per year. Renter aims to capture 5% of this market, targeting an <a href="https://finance.yahoo.com/news/europe-online-food-delivery-market-154000568.html?">€85M ARR by expanding its fleet of e-bikes and e-mopeds.</a> 
Cities are also actively encouraging the transition to low-emission vehicles. In Bucharest, for instance, 60-70% of couriers still rely on cars, whereas in cities like Barcelona, nearly all deliveries are conducted using bikes or mopeds. This shift presents a significant opportunity for Renter to lead the adoption of sustainable delivery solutions in emerging markets.
Traction and customer adoption 
Renter has already established itself as a trusted provider of e-bikes for delivery services. The company operates a fleet of 176 e-bikes across Romania and Moldova. 
<ul>
<li>Profitability: the business model is already self-sustaining, covering operational expenses while leaving room for reinvestment. </li>
<li>Customer retention: with over 285 five-star reviews, Renter has achieved 100% retention of its B2B clients - every business that has tested the service continues to rent Renter&#39;s e-bikes, regardless of whether the contract started 6, 12, or even 16 months ago.</li>
<li>High demand: a waiting list of 250 additional e-bikes and e-mopeds is already in place, without any marketing investment. </li>
<li>Industry recognition: Renter has been awarded the GCIP Prize for Ecological Transport and the Green Award 2025 for excellence in mobility. </li>
</ul>
What sets Renter apart? 
Renter’s success is built on its deep understanding of couriers’ needs and its ability to deliver a hassle-free mobility solution. Several key differentiators position Renter as a good choice in the market: 
<ul>
<li>Courier-centric design: unlike generic e-bikes, Renter’s models are designed based on feedback from over 500 couriers, ensuring lightweight (23kg) frames, high-capacity batteries, and comfortable ergonomics suited for 12-hour shifts. </li>
<li>Unmatched maintenance support: the “Fix in 30 minutes or swap the bike” policy drastically reduces downtime, a major pain point for couriers using competitor services. </li>
<li>Flexible plans: with a minimum six-month commitment for B2B clients and simple weekly or monthly rental options for individual riders, Renter provides adaptable pricing models. </li>
<li>Easy local servicing: unlike other providers that require specialized parts or centralized maintenance hubs, Renter&#39;s bikes can be serviced at any standard bike shop, making repairs quicker and more accessible. </li>
<li>Technology integration: GPS trackers, NFC wheel locks (in development), and an in-house ERP system for fleet management streamline operations and security. </li>
</ul>
Scaling a sustainable and profitable future 
As cities move towards sustainable mobility and food delivery services expand, the need for an efficient and accessible transportation solution is more critical than ever. Renter is well-positioned to drive this change by offering couriers a more profitable, reliable, and environmentally friendly alternative to traditional transportation methods. 
With proven traction, strong customer retention, and a growing demand for its services, Renter is set to become a leading provider of mobility solutions for the food delivery industry. By focusing on courier needs, ensuring seamless maintenance, and leveraging smart technology, Renter is not just improving last-mile logistics—it is redefining how couriers work and thrive in the modern urban economy. 
<a href="https://investors.seedblink.com/invest/renter/337">Explore the active opportunity on SeedBlink. </a>

Renter offers a subscription-based e-bike rental service tailored for food delivery couriers and third-party logistics companies.

Enhancing food delivery efficiency with e-bike subscriptions  

A few years ago, crowdfunding revolutionized how European individuals and businesses access funding, allowing them to connect with backers across borders. This shift was accelerated by the European Crowdfunding Service Providers Regulation (ECSPR) in 2023, which enabled businesses across EU countries to raise capital internationally, fostering a more unified European crowdfunding market.
With numerous platforms catering to different needs—whether it’s debt, equity, rewards, or donation-based crowdfunding—it’s important to pick one that aligns with your goals.
In this article, we explore the European crowdfunding landscape and provide a curated list of the best platforms available today for tech startups.
<h2 id="what-is-crowdfunding">What is crowdfunding</h2>
Crowdfunding is a way for startups to secure capital by pooling small contributions from a large number of individuals. Unlike traditional fundraising methods, which often rely on securing significant investments from venture capital firms or angel investors, crowdfunding allows founders to connect with a wider audience and potential customers directly.
<h2 id="how-does-crowdfunding-work-for-startups">How does crowdfunding work for startups?</h2>
Crowdfunding platforms enable founders to pitch their ideas to a broad audience. In return for their contributions, backers receive incentives that can include: equity, early access to your product and company journey and exclusive perks.
A successful campaign can be a launchpad for market validation, customer acquisition, and brand building. By running a campaign, you can test demand, gain insights, and engage with early adopters, helping you refine your product and scale.
<h2 id="the-evolution-of-crowdfunding-platforms">The evolution of crowdfunding platforms</h2>
Globally, the crowdfunding market is expanding rapidly. Between 2024 and 2032, it is projected to expand at a <a href="https://www.marketdataforecast.com/market-reports/crowdfunding-market">compound annual growth rate (CAGR) of 18.24%</a>, growing from USD 24.05 billion in 2024 to an impressive USD 91.88 billion by 2032. 
Europe, as a key player in this market, continues to witness significant adoption of crowdfunding as a financial tool for startups, real estate, and creative projects. In 2024, there were 225 licensed crowdfunding platforms, with leading countries like France (59 platforms), Italy (40), and Spain (24) driving the market. 
<img src="/img/screenshot-2025-04-10-130839.png" alt="">
Source: <a href="https://www.esma.europa.eu/sites/default/files/2025-01/ESMA50-2085271018-4039_ESMA_Market_Report_-_Crowdfunding_in_the_EU_2024.pdf">ESMA - Crowdfunding in the EU 2024</a>
<h2 id="top-european-crowdfunding-platforms">Top European crowdfunding platforms</h2>
Companisto
<a href="https://www.companisto.com/en">Companisto</a> is an investment platform founded in 2012 for startups. They support the start-up culture in Germany and Europe by partnering with business angels and investors.
Key features:
<ul>
<li>Opportunities for accredited investors: Yes</li>
<li>Minimum investment ticket: €10,000</li>
<li>Traditional crowdfunding: Yes</li>
<li>Minimum investment ticket: €250</li>
<li>Investment type: Equity</li>
<li>Investors: +150.000</li>
<li>Focus: Startups and growth-stage companies</li>
<li>Secondary market: Available </li>
<li>Pricing: Companisto charges startups a commission of 15% of the total funds raised during a successful financing round. This fee covers the entire processing of the financing round, including payment processing and marketing expenses.</li>
<li>Startup support: Companisto provides post-investment support by facilitating follow-up financing opportunities. Their investment agreements are designed to enable further funding rounds with co-investors, business angels, and strategic investors.</li>
</ul>
Crowdcube
<a href="https://www.crowdcube.com/">Crowdcube</a> is an equity crowdfunding platform founded in 2010, primarily focused on the UK market, where innovative startups can raise capital for their development, and investors can earn by supporting new businesses.
Compared to other market players, Crowdcube offers two fundraising solutions: one focused on raising capital quickly, with no lead investment required, and a second solution for public campaigns.
Key features:
<ul>
<li>Opportunities for accredited investors: No</li>
<li>Minimum investment ticket: 10 GBP. </li>
<li>Investment type: Equity</li>
<li>Investors: +370.000</li>
<li>Secondary market: Yes</li>
<li>Focus: Early-stage startups, SMEs</li>
<li>Startup support: Offers fundraising tools and visibility to build engaged communities.</li>
</ul>
Doorway
<a href="https://www.doorwayplatform.com/it/">Doorway </a>is an Italian venture capital investment platform founded in 2016.
Key features:
<ul>
<li>Opportunities for accredited investors: Yes</li>
<li>Minimum investment ticket: €5,000</li>
<li>Traditional crowdfunding: No</li>
<li>Investment type: Equity</li>
<li>Investors: +2000</li>
<li>Secondary market: Not available </li>
<li>Focus: Seed stage up to Series B</li>
<li>Pricing: At the time of application, you will be required to pay 200€ + VAT in order to be evaluated by the Investment Team. After approval, a due diligence cost (up to 10k EUR) and 8% of the raised amount.</li>
<li>Startup support: Startups get access to a series of meetings (online and face-to-face) with an audience of qualified investors, business angels, and private banker networks. Companies also receive access to a 360° community of founders, investors, and Professionals. </li>
</ul>
FunderNation
<a href="https://www.fundernation.eu/">FunderNation</a> is a German-based equity crowdfunding platform founded in 2014 for private investors to invest in companies, offering professional guidance and the ability to build a portfolio.
Key features:
<ul>
<li>Opportunities for accredited investors: No</li>
<li>Traditional crowdfunding: Yes</li>
<li>Minimum investment ticket: €100 </li>
<li>Investment type: Equity, debt</li>
<li>Secondary market: Not available </li>
<li>Focus: Early-stage startups from various industries like GreenTech, Healthcare, MedTech, Aerospace, Digitalization &amp; IT, and highly innovative technologies.</li>
<li>Startup support: Offers co-investment opportunities for companies, business angels, venture investors, and online investors.</li>
</ul>
Gateway Ventures
<a href="https://gateway.ventures/en/">Gateway Ventures</a> is an Austrian equity crowdfunding platform designed to connect early-stage startups with private investors. The platform focuses on enabling startups to secure funding during their pre-seed and seed rounds, leveraging a network of angel investors and private backers to support their growth.
Key features:
<ul>
<li>Opportunities for accredited investors: Yes</li>
<li>Minimum investment ticket: €10.000 </li>
<li>Traditional crowdfunding: No</li>
<li>Investment type: Equity</li>
<li>Secondary market: Not available </li>
<li>Investors: 3000</li>
<li>Focus: Early-stage startups from various industries like Fintech, Regtech, Insurtech, Proptech, Future of Work, Industry 4.0, IoT, Smart City, Cyber Security, HealthTech, MedTech, BioTech, DigitalHealth, Personalized Health and Diagnostics, and startups with a focus on Sustainability, Impact Environment, Circular Economy, GreenTech and EdTech.</li>
<li>Startup support: Access to relevant experts and other successful founders for fundraising lessons and best practices and enable follow-on rounds.</li>
</ul>
Invesdor
<a href="https://www.invesdor.com/#/">Invesdor</a> is an equity crowdfunding platform founded in 2012 and operating in multiple European markets. Based in Finland, It helps startups, scaleups, and established businesses raise capital from private investors and institutional backers.
Key features:
<ul>
<li>Opportunities for accredited investors: No</li>
<li>Traditional crowdfunding: Yes</li>
<li>Minimum investment ticket: €250 </li>
<li>Investment type: Equity, debt, tokens </li>
<li>Investors: +150,000</li>
<li>Secondary market: Not available </li>
<li>Focus: Early-stage startups and SMEs from various industries like Sustainability, Green energy, Health &amp; Science sector.</li>
<li>Startup support: Access to a dedicated investment manager to lead you through the fundraising process.</li>
</ul>
Republic Europe
<a href="https://europe.republic.com/">Republic Europe</a> is an equity crowdfunding platform that allows investors to support startups and growth businesses by purchasing shares. Formed through a 2023 merger with Seedrs, it focuses on the UK and European markets.
Key Features:
<ul>
<li>Opportunities for accredited investors: Yes</li>
<li>Minimum investment ticket: between $1K-10K </li>
<li>Traditional crowdfunding: yes</li>
<li>Minimum investment ticket: €10</li>
<li>Investment type: Equity, debt, tokens</li>
<li>Secondary market: Available as “Secondary Marketplace”</li>
<li>Focus: Early-stage startups &amp; scaleup companies.</li>
<li>Pricing: Republic collects 7% of the total amount raised and 2% of securities offered in a successful financing.</li>
<li>Startup support: Access to customized templates and a dedicated campaign manager, dedicated customer support, and an affiliate marketing studio with full-service capabilities.</li>
</ul>
Verve Ventures
<a href="https://www.verve.vc/">Verve Ventures</a> is a European venture capital platform that allows private investors to participate in startup funding. It connects individual and institutional investors with early-stage and growth-stage companies across various industries, including technology, healthcare, and deep tech.
<ul>
<li>Opportunities for accredited investors: Yes</li>
<li>Minimum investment: EUR/CHF 10,000</li>
<li>Traditional crowdfunding: No</li>
<li>Investment type: Equity</li>
<li>Secondary market: Not available</li>
<li>Focus: Early-stage and growth-stage companies across various industries, including technology, healthcare, and deep tech.</li>
<li>Pricing: on investors</li>
<li>Startup support: Verve Ventures offers value-added services to startups post-investment, such as introductions to potential clients, assistance with hiring, and facilitation of partnerships.</li>
</ul>
SeedBlink 
Part of SeedBlink’s all-in-one private markets infrastructure, SeedBlink’s equity crowdfunding arm is a European investment platform that connects tech startups with individual and institutional investors. It streamlines the capital raising process for early-stage and growth-stage companies and allows investors to access curated, high-potential startups across various industries.
<ul>
<li>Opportunities for accredited investors: Yes</li>
<li>Minimum investment ticket: €2,500 for regular investors 
&amp; €1000 for SeedBlink Club members</li>
<li>Traditional crowdfunding: Yes</li>
<li>Minimum investment ticket: €500 (via community stars)</li>
<li>Investment instruments: Equity, SAFEs, CLAs</li>
<li>Investors: +110.000</li>
<li>Secondary market: Yes - via the SeedBlink Bulletin Board (Note: Secondaries opportunities are available also outside of the Crowdfunding platform, via SeedBlink secondaries).</li>
<li>Focus: Early-stage technology startups &amp; scaleups.</li>
<li>Co-investment opportunities with venture capital firms and angel investors, ensuring a diversified funding approach at the same deal terms.</li>
<li>Community deals: For startups with strong community support.</li>
<li>Pricing: <a href="https://tech.seedblink.com/pricing-companies">Plans and add-ons </a></li>
<li>Startup support: Offers end-to-end fundraising assistance, including campaign structuring, pitch reviews, round simulations, investor matchmaking, and post-funding guidance to help startups scale and attract long-term investment.</li>
</ul>
Access a suite of <a href="https://tech.seedblink.com/financing-solutions">preparation and raising tools.</a>
<h2 id="why-seedblink-stands-out">Why SeedBlink stands out</h2>
SeedBlink simplifies fundraising by integrating multiple tools into a single platform - allowing tech startups to leverage both SeedBlink&#39;s strong investor network via crowdfunding and their own connections via<a href="https://tech.seedblink.com/raise-hub"> private investments</a>.
With built-in equity management and post-investment governance, primary as well as secondary investments, SeedBlink streamlines the entire capital-raising process for companies from early stage to pre-IPO. Whether securing private or public funding, managing equity, or motivating your team with stock options, SeedBlink offers a comprehensive and founder-friendly solution.
<a href="https://tech.seedblink.com/pricing-companies">Get started free with SeedBlink today.</a>

Explore the top European investment platforms covering equity crowdfunding, their key capabilities for startups and investors.

Top European crowdfunding platforms for tech startups

Attending key industry events is one of the best ways to stay ahead, connect with fellow entrepreneurs, investors, and thought leaders, and discover new opportunities. Whether you&#39;re an emerging founder looking to make connections, a venture capitalist searching for promising startups, or a tech enthusiast keen to stay on top of trends, this event list will make your planning for 2025 easier.
<h2 id="techarenan-summit-sweden">Techarenan Summit [Sweden]</h2>
Stockholm will host the <a href="https://techarenan.se/techarenan-summit-2023/">Techarenan Summit</a>, an event that connects visionary startups with global investors and explores trends in sustainability and technology. The next edition will take place between February 20 and 21, 2025.
<h2 id="4yfn-four-years-from-now-spain">4YFN (Four Years From Now) [Spain]</h2>
<a href="https://www.4yfn.com/">4YFN</a> is a startup event that unites investors, corporations, and innovators to discuss and shape the future of technology. 
With opportunities to pitch, partner, and learn from the best in the industry, 4YFN is an event for anyone interested in the tech startup ecosystem. The next edition will take place between March 3–6, 2025, in Barcelona. 
<h2 id="mobile-world-congress-spain">Mobile World Congress [Spain]</h2>
Barcelona will also host the <a href="https://www.mwcbarcelona.com/">Mobile World Congress</a>, the world’s largest and most influential event for the mobile tech industry, coinciding with 4YFN. 
MWC brings together top players from around the globe and features product launches, keynotes, and networking opportunities. The next edition will take place in Barcelona from March 3 to 6, 2025. 
<h2 id="techeu-summit-uk">tech.eu summit [UK]</h2>
<a href="https://tech.eu/event/2024/summit-london/">Tech.eu</a>, one of the leading European tech media outlets, organizes an annual conference to discuss the tech industry and foster networking opportunities. In 2024, it attracted more than 1,200 attendees, including entrepreneurs, investors, and industry professionals. The next edition will take place between March 25-26, 2025.
<h2 id="startup-safari-2025">Startup Safari 2025</h2>
One of Hungary’s largest startup events, Startup Safari Budapest features nearly 100 presentations and interactive programs across 13 venues. The event brings together international speakers and Hungarian experts to explore startup growth, funding opportunities, and innovation trends. Attendees can engage in panel discussions, workshops, and networking sessions, including speed mentoring and an interesting Reverse Pitch program, where investors pitch to startups.
<h2 id="skinnovation-austria">Skinnovation [Austria]</h2>
<a href="https://www.skinnovation.at/">Skinnovation</a> is a unique startup event held annually in the Austrian Alps, bringing together entrepreneurs, investors, and tech enthusiasts for a one-of-a-kind experience. The event attracts startups and industry leaders from across Europe, fostering connections in a dynamic and scenic setting. The next edition will take place between March 26-28, 2025. 
<img src="/img/screenshot-2024-11-26-at-00.46.39-skiinnovation.png" alt="[Austria] Skinnovation " title="[Austria] Skinnovation ">
<h2 id="austrian-startup-summit-austria">Austrian Startup Summit [Austria]</h2>
<a href="https://austrianstartups.com/page/summit">Austrian Startups Summit</a> is an annual event in Austria that unites entrepreneurs, investors, and changemakers to celebrate and advance the local startup ecosystem. The event draws participants from across the country and beyond, fostering connections and sparking new ideas. The next edition will take place on April 1st, 2025.
<h2 id="startup-safari-2025-hungary">Startup Safari 2025 [Hungary]</h2>
One of Hungary’s largest startup events, <a href="https://startupsafaribudapest.eu/">Startup Safari Budapest</a> features nearly 100 presentations and interactive programs across 13 venues. The event brings together international speakers and Hungarian experts to explore startup growth, funding opportunities, and innovation trends. Attendees can engage in panel discussions, workshops, and networking sessions, including speed mentoring and an interesting Reverse Pitch program, where investors pitch to startups. The event takes place April 8-9, 2025.
<h2 id="eu-startups-summit-malta">EU-Startups Summit [Malta]</h2>
<a href="http://www.eu-startups.com/">EU-Startups Summit</a> is an annual startup conference bringing together more than 2,500 founders, investors and corporates from across Europe. It’s all about tech-based and tech-enabled startups with global ambitions! There will be fireside chats with internationally successful founders, insightful keynotes, and an exciting pitch competition on the main stage with some of Europe’s most promising startup teams – selected from about 1,500 applicants! The event is set for April 24-25, 2025 in sunny Valletta, Malta. 
<h2 id="panathēnea-greece">Panathēnea [Greece]</h2>
<a href="https://www.panathenea.org/">Panathēnea </a>(May 7-9, 2025) is an international festival where tech, entrepreneurship, and creativity meet in Athens. Startups, investors, and industry leaders from around the world come together to exchange ideas and spark innovation. Speakers include Melanie &amp; Cliff (Canva), Anthony Danon, and Simon Schaefer. With a startup competition, 15+ side events, and a closing party, Panathēnea puts bold ideas in the spotlight.
<h2 id="viennaup-austria">ViennaUP [Austria]</h2>
ViennaUP is a startup festival hosted annually in Vienna, connecting startups, investors, and tech enthusiasts. It features conferences, workshops, and networking sessions focused on innovation and entrepreneurship, attracting participants from across Europe. The next edition will take place from May 8-16, 2025.
<img src="/img/screenshot-2024-11-26-at-00.47.24-vienna-up.png" alt="ViennaUP [Austria]" title="ViennaUP [Austria]">
<h2 id="podim-conference-slovenia">PODIM Conference [Slovenia]</h2>
<a href="https://podim.org/">PODIM</a> is an annual startup and tech conference held in Maribor, Slovenia, bringing together startups, investors, and business leaders from across Southeastern Europe. It offers keynote speeches, workshops, and networking opportunities, focusing on startup growth and innovation. The next edition will take place between May 12-14, 2025.
<h2 id="iceland-innovation-week-iceland">Iceland Innovation Week [Iceland]</h2>
Reykjavik will host <a href="https://www.innovationweek.is/">Iceland Innovation Week</a>, an event that focuses on Iceland’s innovation and startup scene. The program includes presentations, workshops, and networking activities, giving participants a chance to engage with local and international entrepreneurs and innovators. The next edition will take place between May 12–16, 2025.
<h2 id="impact-cee-poland">Impact CEE [Poland]</h2>
<a href="https://impactcee.com/">Impact CEE</a> is an annual event that features the startup competition Impact Arena, drawing attention to topics such as AI, digital innovation, mental health, and women&#39;s empowerment. In 2024, it attracted over 6,000 attendees, including entrepreneurs, investors, policymakers, and industry experts. The next edition will take place between May 14-15, 2025.
<h2 id="upstream-rotterdam-the-netherlands">Upstream Rotterdam [The Netherlands]</h2>
<a href="https://www.upstreamfestival.com/">Upstream Rotterdam</a> is an annual event held in Rotterdam that focuses on innovation and scaling startups by connecting founders, investors, policymakers, and corporates. The next edition will take place between May 21-22, 2025.
<h2 id="latitude59-estonia">Latitude59 [Estonia]</h2>
<a href="https://latitude59.ee/">Latitude59</a> is a festival-like event for startups and investors known for its intimate and welcoming atmosphere. The event maintains a balanced startup-investor ratio of approximately 50-50 and features stage content, side events, the L59 Pitch Competition with a €1M prize (as awarded in 2024), matchmaking opportunities, and a demo area. The next edition will take place between 21-23 May, 2025. 
<h2 id="dublin-tech-summit-ireland">Dublin Tech Summit [Ireland]</h2>
<a href="https://dublintechsummit.tech/">Dublin Tech Summit</a> is an annual technology conference held in Dublin, Ireland, bringing together global leaders in innovation, technology, and business to shape the future of global trends. The event features a diverse range of speakers, workshops, and networking opportunities, covering themes such as AI, deep tech, quantum computing, and more. The next edition will take place between May 28-29, 2025.
<h2 id="infoshare-poland">Infoshare [Poland]</h2>
<a href="https://infoshare.pl/">Infoshare</a>, the event in Gdańsk is Poland’s largest technology conference. The event offers keynote speeches, workshops, and networking sessions focused on innovation, digital transformation, and startups, providing a platform for tech enthusiasts and businesses to collaborate. The next edition will take place between May 28–29, 2025. 
<h2 id="techsylvania-romania">Techsylvania [Romania]</h2>
<a href="https://techsylvania.com/">Techsylvania</a> is an annual tech conference held in Cluj-Napoca, Romania, that focuses on technology and innovation. It attracts entrepreneurs, investors, and tech enthusiasts, featuring keynotes, panel discussions, and a startup competition. The next edition will take place between June 25-26, 2025.
<h2 id="sxsw-london-uk">SXSW London [UK]</h2>
<a href="https://sxswlondon.com/">SXSW London</a> brings the renowned creative and tech festival to the UK. Featuring panels, showcases, and networking, this event focuses on innovation across industries like film, music, technology, and entrepreneurship. The next edition will take place between June 2–7, 2025.
<h2 id="arctic15-finland">Arctic15 [Finland]</h2>
<a href="https://arctic15.com/">Arctic15</a> is a matchmaking-focused startup event in Helsinki. It connects entrepreneurs, investors, and decision-makers through pre-scheduled meetings and discussions. The next edition will take place between June 4–5, 2025.
<h2 id="tech-open-air-toa-germany">Tech Open Air (TOA) [Germany]</h2>
<a href="https://event.toa.media/">Tech Open Air</a> is an interdisciplinary technology festival held annually in Berlin, combining technology, music, art, and science. It brings together influential speakers, entrepreneurs, and artists, creating a platform for cross-industry knowledge exchange and collaboration. The event is taking place between June 4-7, 2025.
<h2 id="moldova-digital-summit-moldova">Moldova Digital Summit [Moldova]</h2>
<a href="https://moldovadigitalsummit.md/">Moldova Digital Summit</a> connects investors, CEOs, researchers, innovators, and anyone interested in the future of the digital economy. It attracts over 3,000 participants annually, making it one of the region&#39;s largest gatherings for technology and business. The next edition will take place between June 5-8, 2025.
<h2 id="london-tech-week-uk">London Tech Week [UK]</h2>
<a href="https://londontechweek.com/">London Tech Week</a> is a week-long technology conference that draws around 45,000 attendees, including 5,000 startups and 1,000 investors. In 2024, the event highlighted the latest trends in technology and innovation, covering themes such as AI, data security, and green innovation. The next edition will take place between June 9-13, 2025.
<h2 id="viva-technology-france">Viva Technology [France]</h2>
<a href="https://vivatechnology.com/">Viva Technology</a> is a four-day annual event that brings together top speakers and industry leaders to discuss the latest in technology and innovation. In 2024, it featured eight conference tracks covering topics such as AI, deeptech, and future society, alongside five themed stages, a pitch studio, and various workshop spaces. The next edition will take place between 11-14 June, 2025.
<h2 id="the-next-web-the-netherlands">The Next Web [The Netherlands]</h2>
<a href="https://thenextweb.com/conference">The Next Web Conference (TNW)</a> is an annual event that connects startups, investors, and policymakers, attracting over 10,000 attendees each year. In 2025, the conference will cover themes such as &quot;AI &amp; Deeptech,&quot; &quot;Sustainable Societies,&quot; and &quot;Growth &amp; Venture,&quot; along with three additional topics. The next edition will take place between June 19-20, 2025.
<img src="/img/screenshot-2024-11-26-at-01.09.20-amsterdam-june.png" alt="">
<h2 id="european-women-in-technology-the-netherlands">European Women in Technology [The Netherlands]</h2>
<a href="https://www.europeanwomenintech.com/">European Women in Technology</a> is Europe&#39;s largest gathering of inspirational women in tech, attracting over 5,000 tech pioneers and leaders from diverse industries such as energy, healthcare, and finance. The next edition will take place between 25-26 June, 2025.
<h2 id="it-arena-ukraine">IT Arena [Ukraine]</h2>
<a href="https://itarena.ua/">IT Arena</a> is one of the largest tech conferences in Ukraine. It is held in Lviv in Western Ukraine even during wartime, showcasing the resilience of the country&#39;s tech industry. The next edition will take place between September 26 - 28, 2025.
<h2 id="bits--pretzels-germany">Bits &amp; Pretzels [Germany]</h2>
<a href="https://www.bitsandpretzels.com/">Bits &amp; Pretzels</a> is an annual startup festival held in Munich that brings together founders, investors, and industry leaders from across Europe. It attracts over 5,000 attendees, offering a mix of inspiring keynotes, hands-on workshops, and networking opportunities. The next edition will take place between September 29 - October 1, 2025.
<h2 id="techbbq-denmark">TechBBQ [Denmark]</h2>
<a href="https://techbbq.dk/">TechBBQ</a> is an annual event that combines networking and insightful content with a touch of &quot;hygge,&quot; drawing around 7,000 attendees, mainly startups and investors. It began in 2013 as a casual barbecue for tech enthusiasts and entrepreneurs in a Copenhagen park, a gathering that inspired the event&#39;s name and community-driven spirit. The event is taking place in October, and the pre-registrations for the 2025 edition are already open. The next edition will take place between August 27-28, 2025.
<h2 id="how-to-web-romania">How to Web [Romania]</h2>
<a href="https://www.howtoweb.co/">How to Web</a> is an annual conference that focuses on startup growth, technology trends, and product development, bringing together founders, investors, and tech enthusiasts. In 2024, it hosted over 2,500 participants and featured keynote speeches, panel discussions, and the regular Spotlight startup competition. The next edition will take place between October 1-2, 2025.
<img src="/img/screenshot-2024-11-26-at-01.09.57-htw2025.png" alt="How to Web [Romania] " title="How to Web [Romania] ">
<h2 id="sifted-summit-uk">Sifted summit [UK]</h2>
<a href="https://summit.sifted.eu/">Sifted Summit</a> is an annual event hosted by Sifted, bringing together startup founders, investors, and tech enthusiasts to explore the latest trends in European tech. The summit attracts over 1,500 attendees, featuring panel discussions, keynote speeches, and interactive workshops. The next edition will take place between October 8-9, 2025.
<h2 id="web-summit-portugal">Web Summit [Portugal]</h2>
<a href="https://websummit.com/">Web Summit</a> is one of the largest European tech conferences, held annually in Lisbon, bringing together over 70,000 attendees, including founders, investors, industry experts, and global leaders. The next edition will take place between 11-14 November, 2025.
<img src="/img/screenshot-2024-11-26-at-01.10.19-websummit.png" alt="Web Summit [Portugal] " title="Web Summit [Portugal] ">
<h2 id="slush-finland">Slush [Finland]</h2>
<a href="https://slush.org/">Slush</a> is an annual startup and tech event held in Helsinki, Finland, bringing together founders, investors, and industry leaders to foster innovation and entrepreneurship. The event features keynote speeches, workshops, and networking opportunities, focusing on actionable company-building advice. The next edition will take place between November 19-20, 2025.
<h2 id="stay-connected">Stay connected!</h2>
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Connect with fellow founders, investors, and industry leaders, and stay ahead with 2025's must attend events

Founder’s agenda: Your list of top European startup events for 2025

Generative AI is rapidly transforming the content creation landscape, with predictions that over <a href="https://www.bvp.com/atlas/is-ai-generation-the-next-platform-shift">50% of online content will be AI-generated</a> in the next decade. As businesses strive to streamline workflows, maintain the brand voice, and optimize SEO, they require enterprise-grade AI solutions that go beyond simple automation. 
Massimiliano Squillace, a serial entrepreneur, approached this challenge by creating Contents, a modular AI-powered platform designed to orchestrate and optimize audio, graphic, and written content at scale. Having reached $8M ARR in 2024, a presence in 4 countries, and over 3,000 customers including Dolce &amp; Gabbana, Sainsbury’s, and Accenture, Contents.com is changing the way businesses leverage AI for content.
In this interview, Massimiliano Squillace shared some interesting insights with the SeedBlink team about the company&#39;s vision, the evolving AI landscape, and what’s next for Contents.
1. You’ve successfully founded and exited many startups. What inspired you to create Contents, and how does it differ from your previous companies?
Throughout my entrepreneurial journey, I’ve always been driven by the idea of leveraging technology to solve real business challenges. With Contents, the inspiration came from recognizing a growing need in the market: companies were struggling to produce high-quality, scalable, and cost-effective content across multiple formats and languages. Unlike my previous ventures, which focused on specific verticals, Contents was built as an end-to-end AI-powered content orchestration platform. Our approach goes beyond content generation; we integrate AI with workflow automation, governance, and human expertise to provide a comprehensive solution tailored to businesses of all sizes and all fields.
2. Everyone talks about how generative AI is revolutionizing content creation. What are the biggest challenges businesses face when adopting AI-driven solutions? How does Contents address them? 
One of the biggest challenges businesses face is ensuring AI-generated content aligns with their brand voice, quality standards, and compliance requirements. Additionally, many struggle with integrating AI into existing workflows and managing scalability without sacrificing accuracy. At Contents, we address these challenges by offering customizable AI models that adapt to specific brand guidelines. Our platform seamlessly integrates with enterprise ecosystems, including CRM and CMS, allowing businesses to orchestrate content creation efficiently while maintaining consistency. Furthermore, we combine AI with human-in-the-loop validation, when necessary, to enhance quality control and meet specific needs.
3. Your platform integrates AI-powered tools for text, image, and audio content. How does Contents ensure brand voice consistency and accuracy across different formats? 
Maintaining brand voice consistency across multiple content formats is crucial for any business. Contents ensures this by allowing companies to define and customize their tone of voice, style preferences, and compliance rules directly within the platform. Our AI models are trained to adhere to these parameters, ensuring coherence across text, image, and audio outputs. Additionally, our governance and approval workflows allow for human oversight, enabling teams to fine-tune content before publication. This hybrid approach ensures that AI-generated content remains accurate, on-brand, and aligned with business objectives.
4. With AI hallucinations being one of the major concerns in content generation, what measures has Contents taken to enhance reliability?
At Contents, we address this by implementing several key measures. First, our AI models leverage Retrieval-Augmented Generation (RAG) techniques, which incorporate verified sources to enhance factual accuracy. Second, we integrate human review layers where necessary, ensuring quality control for critical content. Third, our system continuously learns from user feedback, refining its outputs over time. By combining AI innovation with validation mechanisms, we enhance content reliability and mitigate risks associated with hallucinations.
5. The generative AI market is projected to reach $356B by 2030. How does Contents plan to stay ahead in this rapidly growing space? 
Staying ahead in this fast-evolving market requires a mix of innovation, adaptability, and strategic vision. At Contents, we are committed to continuous R&amp;D, expanding our AI capabilities beyond just content generation to include automation, workflow optimization, and seamless integrations with enterprise tools. Additionally, our focus on multilingual and multimodal AI positions us as a global leader in content orchestration. We also prioritize user-centric development, ensuring that our solutions evolve in response to real business needs. By staying at the forefront of AI advancements and fostering strong industry partnerships, we aim to remain a key player in this growing space.
6. How do you see AI-content generation evolving in the next years? What key trends will shape the industry, in your opinion?
AI-driven content generation is evolving rapidly, and several key trends will shape its future. First, hyper-personalization will become standard, with AI tailoring content for specific audiences, industries, and even individual users in real time. Second, the integration of AI-generated content with real-time data sources will enhance contextual accuracy and relevance. Third, we’ll see a stronger emphasis on hybrid models that combine AI with human creativity to ensure authenticity. Lastly, AI will play a bigger role in content governance and compliance, helping businesses manage brand safety and regulatory requirements. At Contents, we are actively working on innovations aligned with these trends to ensure our platform remains cutting-edge.
7. What are the next big milestones for Contents?
We have an exciting roadmap ahead. Our next big milestones include expanding our AI capabilities, launching new enterprise-grade solutions tailored to large-scale content governance, and enhancing our integrations with third-party tools. We’re also focused on strengthening our presence in international markets, particularly in the GCC region, where we recently established a new branch. Additionally, we are exploring strategic partnerships and investment opportunities to accelerate our growth. 
8. For potential investors, what makes Content a strong investment opportunity at this moment
Contents stands at the intersection of AI, automation, and content orchestration—three rapidly growing sectors with immense market potential. Our proprietary AI technology, scalable business model, and strong traction in multiple industries make us a compelling investment opportunity. We have a proven track record of innovation, a growing customer base, and a clear roadmap for expansion. Additionally, our focus on enterprise-grade solutions positions us as a key player in the AI-driven content landscape. For investors looking to be part of the next wave of AI-powered transformation, Contents offers a strong value proposition.
<a href="https://investors.seedblink.com/invest/contentscom/345">Explore the opportunity on SeedBlink.</a>

Interview with Massimiliano Squillace – CEO of Contents

Scaling AI-powered content creation: the story behind Contents 

We recently hosted a webinar on Investment vehicles and how you can use SPVs, also known as Special Purpose Vehicles or Nominee structures in raising capital and how to keep your startup’s equity structure clean and attractive for future investors.
We were joined by <a href="https://www.linkedin.com/in/paul-g-putz-b8719/">Paul G. Putz</a>, MBA, Managing Partner at <a href="https://putzconsultinggroup.com/en/danubeangels/">Danube Angels</a> in Vienna for an hour long conversation with <a href="https://www.linkedin.com/in/ronald-rapberger/">Ronald Rapberger</a>, Regional Manager for DACH at <a href="https://seedblink.com/">SeedBlink</a>. 
During the session, our experts explored: 
<ul>
<li>How angel investors not only provide funding but also add by offering valuable advice for founders, mentorship, and connections.</li>
<li>The role of innovative investment vehicles, like nominee structures and SPVs, in fundraising and maintaining a clean cap table. </li>
<li>Real-life examples and lessons learned on balancing risk, simplifying complex legal processes, and preparing startups for future rounds.</li>
</ul>
<h2 id="how-to-use-investment-vehicles-in-fundraising-rounds">How to use investment vehicles in fundraising rounds?</h2>
Investment vehicles like Special Purpose Vehicles (SPVs) and Nominee structures can make a difference when raising capital from multiple angel investors. Instead of juggling 10 or 20 separate entries on your cap table, these vehicles let you bring all your investors into one entity, helping close funding rounds faster, keep equity structures neat, and signal professionalism to future VCs.
Beyond simplification, these investment vehicles bring significant governance benefits. Grouping investors under a single nominee or trustee enables more efficient decision-making and communication, as it eliminates the delays and complications of coordinating responses from numerous individual investors. This consolidated setup ensures that all investors have a voice, albeit indirectly, while freeing founders from the burdens of repetitive legal and notary procedures, thus speeding up key strategic decisions like follow-on funding rounds and exits.
In the long run, the advantages of employing SPVs or Nominee structures extend to founders and investors. Founders benefit from a leaner, more attractive cap table that appeals to institutional investors, while angel investors gain access to diversified deals with lower minimum investment requirements. 
This win-win scenario not only fosters smoother negotiations and quicker execution during critical moments, such as exit events but also builds a sustainable ecosystem where smaller investments are aggregated to create significant growth opportunities.
Ronald: “Startups are inherently continuously fundraising, and it’s important to understand a couple of basic mechanics and strategies when it comes to fundraising. One of the most important aspects is that most startups expect to secure venture financing over the long run, making it crucial to keep the cap table clean. Venture funds simply don’t want to see 30, 40, or even 50 names cluttering it.”
<h2 id="the-role-of-lead-investors-in-your-fundraising-round">The role of lead investors in your fundraising round</h2>
The lead investor is often the first to commit capital, setting the tone for the entire syndicate and providing the initial vote of confidence for founders and other investors. The early commitment signals trust in the startup and helps attract additional investors by establishing clear terms and expectations from the outset.
At the same time, the lead investor guides the group through negotiations, coordinates responses during critical funding rounds, and streamlines decision-making. However, this role is not without its challenges. As the primary point of contact, the lead investor often bears the brunt of any setbacks, if things go sour, the finger-pointing can quickly start, highlighting the delicate balance between leadership and risk.
<h2 id="cutting-through-the-red-tape---bureaucracy">Cutting through the red tape - bureaucracy</h2>
In regions with more rigid legal systems, such as parts of Europe, these structures help overcome administrative challenges by centralizing investor representation. In contrast, markets with faster digital processes, like the Baltic countries or the US, benefit from rapid company formation and agile capital flows.
Paul: “Some regions still operate under inflexible legacy laws for limited companies, which can make it expensive and time-consuming for investors to gain direct access. [...] That’s why there are many cases where people opt for a nominee structure.” 
By consolidating numerous small investors into a single legal entity, these structures simplify the entire process, allowing startups to focus on growth rather than getting bogged down by bureaucratic processes.
One of the key advantages of these structures is that they simplify legal compliance and reporting. With a nominee or trustee serving as the legal shareholder on behalf of all individual investors, the need for each investor to engage in lengthy notary procedures is eliminated. It not only reduces administrative complexities but also ensures that compliance and reporting are handled in a consistent, transparent manner, which is particularly beneficial in countries with legacy legal systems. 
When you use investment vehicles, you can address these legal and administrative challenges and create a smoother, more attractive environment for both early-stage funding and your company&#39;s growth.
Paul: “In our case, a dedicated nominee company based in Austria accepts investor subscriptions, pools the funds, and then participates in the subscription of a convertible loan or straight equity, acting as the legal shareholder and handling corporate governance, while the individual investor remains the beneficial owner.”
<h2 id="taxation-and-fiscal-aspects-of-investment-vehicles">Taxation and fiscal aspects of investment vehicles</h2>
Investment vehicles like SPVs and Nominee structures are carefully designed to be tax-transparent. Transparency fosters an environment where tax matters do not negatively affect the investment process, making it easier for founders to manage exits and for investors to understand their financial obligations. More clarity contributes to a more attractive and efficient funding ecosystem that supports sustainable growth.
This means that while these vehicles are legal holders of shares, all tax obligations remain with the beneficial owners rather than the nominee. A tax-transparent setup ensures that investors are directly responsible for their tax filings and capital gains. 
The nominee does not carry any tax implication, which reduces administrative complications and offers clarity. Investors can also benefit from a streamlined process where they receive 100% of their returns, with the understanding that any applicable taxes are their responsibility.
Ronald: “We have experienced this firsthand at SeedBlink. In the early days, we executed numerous individual SPVs for investments, a process that was both tedious and costly.
About two years ago, we switched to a nominee/trustee structure because it is the market standard in Western Europe and offers significant advantages. These structures are set up in a fiscally transparent manner, meaning that in the event of an exit, all tax obligations remain with the investors and none are imposed on the nominee or trustee. 
Moreover, having the nominee on the cap table ensures that all investors speak with one unified voice.”
<h2 id="explore-further">Explore further</h2>
During our webinar, we covered a lot of ground, from how SPVs and nominee structures keep your cap table lean to the role angel investors play in a startup’s journey. When a single nominee or trustee represents the entire group, founders avoid spending additional time chasing individual signatures, and investors still have the chance to share their thoughts when founders make important decisions.
Additionally, using a nominee or trustee can provide an extra layer of ownership structure that benefits you. It prevents the need to gather everyone at a notary’s office for each follow-on funding or exit decision and simplifies reporting and compliance in areas with outdated legal systems.
If you want to see how it all comes together in practice, <a href="https://youtu.be/_RyarZFfCFs?si=fuKbL7bZMyMXhl66">we invite you to watch the full webinar recording</a>. Our experts discuss the topic in further detail, addressing real-life examples, lessons learned, and best practices for leveraging these structures to raise angel capital and prepare for future venture rounds. 
<img src="/img/screenshot-2025-04-01-140008.png" alt="">
And if you’re looking for a platform that supports founders to fundraise from angel investors while keeping your cap table clean, check out <a href="https://tech.seedblink.com/raise-hub">SeedBlink</a>. It helps you accelerate the preparation, execution, and management of fundraising within your network.

 Learn how SPVs and nominee structures can help you in a fundraising process, and keep your cap table neat and attractive for investors. 

Investment vehicles: A smarter way to raise angel capital

Europe is stepping into the AI spotlight with a bold mix of innovation and new regulations. The European Union has published the world’s first comprehensive AI law, the EU AI Act, designed to set clear rules for high-risk systems and generative models. 
While these regulations aim to ensure transparency and safety, they also spark debates about whether strict rules might slow down European startups compared to their US counterparts.
This article explores the key trends shaping Europe’s AI future, from evolving regulations and major funding initiatives to the rise of generative AI, healthcare innovations, and Europe’s urgent need for AI-specific chips. The article is Part 2 of our AI deep-dive series, featuring European investment trends and success stories.
<h2 id="the-paradox-between-the-need-for-accelerated-innovation-and-strict-regulations">The paradox between the need for accelerated innovation and strict regulations</h2>
The European policy environment plays a significant role in AI development and investment. 
The European Union has established a comprehensive regulatory framework for AI through the <a href="https://epthinktank.eu/2024/04/04/ai-investment-eu-and-global-indicators/#:~:text=including%20in%20terms%20of%20market,So%20far">EU AI Act</a>, which became the world&#39;s first broad AI law when it was officially adopted in March, 2024. The regulation entered into force on August 1, 2024, with implementation rolling out in phases over the next two years. More concretely, the first obligations regarding prohibited AI systems and general-purpose AI models took effect in August 2024, while most other provisions will apply starting August 2025 and February 2026.
The EU AI Act imposes specific rules, especially on higher-risk systems and generative AI models. For example, providers of generative AI in Europe will be required to meet transparency standards (disclosing AI-generated content, training data usage, etc.) and assess and mitigate risks for very large models.
However, the EU’s wide-ranging AI Act, currently the world&#39;s most comprehensive set of AI rules, may soon <a href="https://sifted.eu/articles/ai-act-eu-tweaks-review-amended-fitness-check">undergo a “fitness check”</a> to ensure it remains true to its purpose. Critics argue that stringent regulations could make it harder for European startups to compete against US firms.
This tension was recently noticed when Dutch unicorn Bird, having raised over $1B from investors such as Atomico and Accel, <a href="https://sifted.eu/articles/bird-quits-europe-ai-regulations">announced plans to relocate</a> most of its operations outside Europe. Bird cited AI regulations as a barrier to “true innovation.”
Another significant aspect is that the EU Commission is working to <a href="https://research-and-innovation.ec.europa.eu/news/all-research-and-innovation-news/eic-forum-presents-its-recommendations-close-europes-innovation-gap-2025-02-07_en">simplify its regulatory framework</a>, scrapping some burdensome proposals and exploring a unified “28th regime” designed to create a startup-friendly environment akin to Delaware in the United States. This would apply to all startups, not just AI-focused.
<h2 id="europes-multi-billion-euro-ai-investment-initiative">Europe&#39;s multi-billion euro AI investment initiative</h2>
Europe is backing up its AI ambitions with major public funding and strategies. <a href="https://epthinktank.eu/2024/04/04/ai-investment-eu-and-global-indicators/">The EU’s Digital Europe program</a> has earmarked €2.1 B specifically for AI development from 2021 to 2027, and the Horizon Europe research program also funds AI projects. 
In early 2025, a coalition of European investors and companies launched a proposal to mobilize €150 B for European AI startups over five years – <a href="https://www.eu-startups.com/2025/02/europes-ai-push-e150-billion-pledge-to-supercharge-european-ai-startups/">an initiative supported by industry leaders</a> (from Deutsche Bank to Spotify to France’s Mistral AI) to supercharge the continent’s AI scale-ups. 
National governments are complementing EU efforts with their own AI policies. In France, French President <a href="https://sifted.eu/articles/france-data-centre-investments-analysis">Emmanuel Macron announced a major initiative</a> at the Paris AI Action Summit: a €109B commitment to data center infrastructure. Over 60 companies have joined <a href="https://sifted.eu/articles/france-paris-ai-summit-action-startups-investment">the EU AI Champions Initiative</a>, pledging an additional €150B in investments over the next five years. 
The European Union also topped this with an additional €50B as part of its new mission to sharpen European competitiveness. Similarly, <a href="https://www.reuters.com/technology/artificial-intelligence/spain-grant-155-mln-subsidies-help-companies-develop-ai-2025-01-20/">Spain’s government has rolled out €150 M</a> in new subsidies to help companies integrate AI into business and industry. 
These efforts have visible effects over the European ecosystem, and Europe is counting an impressive number of AI startups raising funds and including several unicorns. Here are some European success stories that show how European AI startups are attracting substantial capital. 
<ul>
<li><a href="https://helsing.ai/">Helsing</a> (Germany) - AI defense software startup focused on autonomous military systems and decision support. Valued around $5.4 B after a €450M (~$489M) funding round in 2024​, making it one of Europe’s most valuable AI pure-plays. Helsing’s AI is used to enhance drone and fighter jet capabilities, reflecting a trend toward defense and security applications of AI.</li>
<li><a href="https://www.datasnipper.com/">DataSnipper</a> (Netherlands) – An AI-driven document automation startup from Amsterdam. DataSnipper’s Excel-integrated AI tool for audit and finance caught on globally, and in 2024, it raised $100 M at a $1 B valuation​. It became the Netherlands’ first AI unicorn, showing that smaller European ecosystems now produce world-class AI companies (in this case, specializing in financial process automation).</li>
<li>​<a href="https://mistral.ai/">Mistral AI</a> (France) – A Paris-based AI startup specializing in open-source large language models. Founded in 2023 by former researchers from Meta and Google&#39;s DeepMind, Mistral AI quickly gained prominence for its innovative approach to AI accessibility. In June 2024, the company secured a €600 M Series B funding round, elevating its valuation to €5.8 B. This rapid ascent underscores France&#39;s burgeoning role in the global AI landscape, demonstrating how European startups can swiftly scale and challenge established industry players.</li>
<li><a href="https://poolside.ai/">Poolside AI</a> (France) – A Paris-based AI startup focused on streamlining software development for engineering teams. Poolside AI develops advanced AI-powered tools designed to enhance coding efficiency, automate repetitive programming tasks, and support developers in writing and debugging software. In 2024, the company raised $400M in funding from top investors, including BCV, DST Global, Bpifrance, and Felicis Ventures. This substantial investment underscores the growing appetite for AI-driven solutions in software engineering, positioning Poolside AI as a key player in the rapidly evolving AI-assisted coding landscape.</li>
</ul>
<h2 id="generative-ai-the-new-gold-rush-in-european-tech-funding">Generative AI: the new gold rush in European tech funding?</h2>
Generative AI funding in Europe has already surpassed yearly records within just six months, indicating strong investor interest in model makers and proprietary application developers. Additionally, European companies<a href="https://sifted.eu/pro/briefings/gen-ai-2024"> spent $2.8B on GenAI tools in 2024</a>, under half the $6B in the US. 
<img src="/img/screenshot-2025-03-31-171027.png" alt="">
Source:<a href="https://dealroom.co/uploaded/2024/06/AI-Europe-report-2024-1.pdf?x63517"> AI Europe Report by Dealroom</a>
The numbers show that generative AI consistently attracts higher median round sizes than conventional AI and non-AI sectors at every stage, from Seed to Series B. The data indicates that generative AI funding surged notably in 2024, with early-stage rounds surpassing previous years. 
This pattern suggests that investors are paying a premium on generative AI solutions, reflecting the technology’s rapid evolution and the market’s growing appetite for cutting-edge AI innovations.
Although most generative AI startups operate at the application layer (comprising over a thousand companies), the bulk of venture funding in 2023–2024 has flowed into the foundational layer, reaching a total of $24B, far outpacing the $7 B allocated to application-level ventures. 
The dynamic shows how foundational layer startups, like OpenAI and Anthropic, attract large investments, which they then channel into computing capacity from established chip and cloud providers. 
<img src="/img/screenshot-2025-03-31-171246.png" alt="">
Source: <a href="https://dealroom.co/reports/the-state-of-ai-investing-edda-ai-symposium-paris">State of AI investing - Dealroom</a>
Consequently, while many GenAI companies focus on end-user applications, the core infrastructure and research-driven players continue to command the lion’s share of capital.
<h2 id="europes-critical-hardware-challenge-in-the-ai-race-more-chips-needed">Europe&#39;s critical hardware challenge in the AI race: more chips needed</h2>
Specialized chips are the power source behind advanced AI models like ChatGPT, Claude, and Grok. Major US tech companies have announced substantial investments in AI infrastructure, with <a href="https://www.constructionbriefing.com/news/cgoogle-to-invest-us75bn-in-2025-to-expand-ai-and-cloud-capacity/8050747.article?zephr_sso_ott=oNbQA7">Google planning to invest $75B,</a> <a href="https://w.media/microsoft-dedicates-80-billion-to-ai-infrastructure-in-fiscal-2025/">Microsoft $80B</a>, and<a href="https://technologymagazine.com/articles/metas-2gw-data-centre-how-the-company-plans-to-grow-ai"> Meta up to $65B</a> in chips and data centers.
In Europe, there is a heavy reliance on chips from a few US firms, primarily Nvidia, along with AMD and Intel, with Nvidia’s GPUs, which are essential for processing vast amounts of data required for AI. 
Due to strong global demand and geopolitical factors, the <a href="https://www.euronews.com/next/2025/01/21/what-impact-will-the-us-new-ai-chip-export-restrictions-have-on-europe">US has imposed export restrictions</a> on Nvidia chips. Western European countries generally face fewer limitations than Eastern European nations. This has created challenges for European startups, which often encounter extensive export control documentation. 
While Europe is home to semiconductor specialists like ASML, Infineon, and STMicroelectronics, these companies cannot compete with Nvidia&#39;s capabilities.
<h2 id="the-next-opportunities-for-ai-founders">The next opportunities for AI founders</h2>
Are you an AI startup eager to scale and looking for funding? Check out SeedBlink’s offering, from <a href="https://tech.seedblink.com/raise-hub">syndicated investments from your own network</a> to strategic fundraising advice.

Exploring Europe's AI trends - how the continent navigates through evolving regulation, funding, ethical debates, and critical challenges.

Navigating regulations, investments and key trends in Europe’s AI

Join us as we highlight some of the key achievements from our funded companies. 
<h2 id="dronamics">Dronamics</h2>
Dronamics has experienced a notable surge in investor confidence this month. The company&#39;s special purpose vehicle, <a href="https://seenews.com/news/sofia-share-indices-end-mixed-agria-paces-blue-chip-gainers-1271912">[Dronamics Capital [BUL:DRON]</a>, saw a 7.14% increase on the Bulgarian Stock Exchange, highlighting the growing optimism surrounding the cargo drone sector. As the company pushes forward with its plans for global expansion, Dronamics is strategically positioning itself to lead in the rapidly evolving drone logistics industry. 
With the opening of new trade routes and the expansion of its operational capacity, Dronamics is preparing to make a significant impact in international markets. This progress is part of the company&#39;s broader vision to change air freight and enhance the global supply chain through drone technology. 
<h2 id="druid-ai">DRUID AI</h2>
DRUID AI is on track to close a significant <a href="https://therecursive.com/druid-ai-46m-funding-valuation-276m/">€46M funding round</a>, which will bring its valuation to €276M. The Romanian AI startup has seen accelerated growth in recent months, with its AI-powered virtual assistants gaining traction across various industries. The funding will support DRUID’s expansion into new markets and the further development of its advanced technology. 
This funding round is a testament to the growing demand for DRUID AI’s solutions, as companies across Europe and beyond look for efficient ways to integrate AI into their operations. With a proven track record and an expanding customer base, DRUID AI is poised for even greater success as it continues to innovate in the field of artificial intelligence. 
<h2 id="easysales">easySales</h2>
easySales has wrapped up a successful year, reporting impressive financial results with revenues reaching <a href="https://revistaprogresiv.ro/stiri/tech/veniturile-easysales-au-urcat-la-45-milioane-de-lei-in-2024/">4.5 million ron in 2024</a>. The automated eCommerce management platform has proven itself to be an invaluable tool for merchants, offering seamless integrations and automation that help businesses streamline operations and scale effectively. This steady growth underscores easySales&#39; role as a key player in the Romanian eCommerce ecosystem. 
The platform&#39;s innovative approach has allowed it to remain ahead of the curve, providing merchants with the tools they need to succeed in an increasingly competitive market. easySales is now looking to expand its reach and continue supporting eCommerce businesses as they navigate the complexities of online retail. 
<h2 id="jobful">Jobful</h2>
Jobful continues to lead the way in transforming talent acquisition with its unique blend of gamification and <a href="https://start-up.ro/cum-se-dezvolta-jobful-intre-gamification-in-recrutare-si-impact-social/">AI-driven recruitment solutions</a>. The platform’s ability to engage candidates in a more interactive and enjoyable way is revolutionizing the hiring process, making it easier for companies to find the right talent while also improving the candidate’s experience. 
As Jobful expands its client base and strengthens its presence in the HR tech space, the company remains focused on refining its platform and expanding its offerings. With strong growth potential in 2025, Jobful is well-positioned to become a key player in the recruitment industry, offering solutions that streamline the hiring process for businesses of all sizes. 
<h2 id="klarna">Klarna</h2>
Klarna has taken a significant step forward in its financial journey by<a href="https://www.cnbc.com/2025/03/14/buy-now-pay-later-lender-klarna-files-for-us-ipo.html"> filing for a U.S. initial public offering </a>(IPO), marking a pivotal moment in the company&#39;s growth trajectory. This move aims to enhance Klarna&#39;s global presence and financial capabilities, allowing it to further expand its innovative Buy Now, Pay Later (BNPL) services. As a leader in the fintech sector, Klarna continues to pioneer solutions that make online shopping more accessible and convenient for consumers worldwide. 
The IPO filing, which includes plans to list on the New York Stock Exchange under the ticker symbol KLAR, represents a strategic move to capitalize on the recovering investor appetite for fintech companies. Klarna&#39;s return to profitability in 2024, with a net profit of $21 million and a revenue increase of nearly 24% to $2.81 billion, has bolstered its position as a strong contender in the market. This development reinforces Klarna&#39;s commitment to providing financial flexibility and enhancing the overall consumer experience, solidifying its role as a trusted payment platform globally. 
<h2 id="mocapp">MOCAPP</h2>
MOCAPP has launched its <a href="https://www.businessmagazin.ro/business-hi-tech/inovatie-2024-mocapp-influencer-accelerator-by-mocapp-22702534">Influencer Accelerator program</a>, aimed at helping brands and creators adapt to the ever-changing landscape of influencer marketing. By leveraging data-driven insights and automation, the platform helps brands optimize their influencer marketing campaigns, ensuring that partnerships are both impactful and efficient. 
This new initiative positions MOCAPP as a thought leader in the influencer marketing space. The company’s focus on automation and data insights allows businesses to make more informed decisions, improving the return on investment for influencer campaigns while strengthening the relationships between brands and content creators. 
<h2 id="northvolt">Northvolt</h2>
Northvolt, once a leader in the electric vehicle battery space, has faced significant challenges with its recent <a href="https://batteriesnews.com/northvolt-bankruptcy-trustee-hopeful-on-business-continuation/">bankruptcy filing</a>. However, the company’s bankruptcy trustee has expressed optimism, highlighting ongoing negotiations with potential buyers to sustain operations. Northvolt’s bankruptcy marks a pivotal moment for Europe’s ambitions to rival China in the electric vehicle battery market. 
Despite this setback, Northvolt remains a key player in the EV battery sector, and efforts to restructure and secure the company’s future are ongoing. If successful, these negotiations could ensure the continuation of Northvolt’s mission to supply sustainable batteries for electric vehicles across the globe. 
<h2 id="ondato">Ondato</h2>
Ondato has been recognized as one of Europe’s fastest-growing companies, earning a spot on the prestigious Financial Times FT1000 list. This recognition is a direct result of the company’s commitment to innovation in the compliance and identity verification sectors. Ondato’s rapid growth is a testament to the increasing demand for efficient, secure solutions in this space. 
The team at Ondato celebrated this achievement with a sense of pride and excitement for what’s to come. As they continue to expand, the company is well-positioned to further solidify its role as a leader in identity verification and compliance solutions, providing businesses with the tools they need to stay secure in an increasingly digital world. 
<h2 id="swisspod">Swisspod</h2>
Swisspod is making remarkable strides in hyperloop technology, with CEO Denis Tudor recently participating in the <a href="https://www.podbean.com/ep/pb-mkb4m-17fbf9e">Voices of Pueblo podcast</a>, alongside other industry leaders. The discussion focused on Swisspod’s transportation system, which is now setting new records. The company’s prototype, LIMITLESS, achieved the longest hyperloop test run to date, signaling its potential for transforming the transportation sector. 
With further development underway in Pueblo, Colorado, Swisspod is working toward launching high-speed, sustainable travel options that could revolutionize long-distance transportation. The company remains committed to its mission of delivering an energy-efficient, cost-effective alternative to traditional modes of travel. 
<h2 id="unfrosen">Unfrosen</h2>
Unfrosen, co-founded by Horia Stupu, is reshaping the fashion industry with a novel approach to <a href="https://startarium.ro/articol/unfrosen-vinde-stocuri-exces-moda">managing excess stock</a>. By offering innovative inventory solutions, the company provides fashion retailers with an effective way to reduce waste while optimizing stock management. This solution is especially valuable in an industry where sustainability is becoming increasingly important. 
Drawing on insights from TheOutfit.ro, Unfrosen is filling a gap in the fashion market by helping brands minimize overproduction and better align their inventories with actual demand. This approach improves the profitability of fashion retailers by ensuring that they don’t overstock or waste resources. 
---
We remain committed to fostering innovation and supporting our alumni network as they continue to lead and disrupt industries. If you&#39;re interested in collaborating, investing, or mentoring any of these companies, feel free to reach out to us at <a href="mailto:&#x69;&#110;&#x76;&#x65;&#x73;&#116;&#111;&#114;&#115;&#64;&#115;&#101;&#x65;&#x64;&#x62;&#x6c;&#x69;&#x6e;&#x6b;&#46;&#x63;&#111;&#109;">&#x69;&#110;&#x76;&#x65;&#x73;&#116;&#111;&#114;&#115;&#64;&#115;&#101;&#x65;&#x64;&#x62;&#x6c;&#x69;&#x6e;&#x6b;&#46;&#x63;&#111;&#109;</a>.

March has been a month of growth, innovation, and recognition across our alumni network. From hyperloop advancements and AI funding rounds to eCommerce scaling and strategic industry collaborations, our portfolio companies continue to push boundaries in their respective fields.

Investor Insight: March 2025 Portfolio Updates 

Here&#39;s a truth most investment platforms won&#39;t tell you: you don&#39;t have to wait for an IPO or acquisition to cash out your startup investments. 
After working with thousands of retail investors across Europe, I&#39;ve found that the conventional wisdom of &quot;patient capital&quot; doesn&#39;t always align with real-world needs. Life happens. Opportunities arise. And sometimes, frankly, you just want to take your gains and move on.
The standard narrative is that startup investing requires monk-like patience: put your money in, wait a decade, and pray for that unicorn exit. But this one-size-fits-all approach ignores the reality of most retail investors who want more flexibility with 2-3 year horizons, not 7-10.
Let me share how strategic retail investors I know approach exits on their own terms. 
<h2 id="the-next-funding-round-is-your-first-clear-exit-window">The next funding round is your first clear exit window</h2>
Recently, an investor told me something that stuck in my mind: &quot;The best time to sell is when everyone else wants to buy.&quot; Nothing creates buying interest like a startup raising a new round.
When a startup raises a new funding round, a clear, defensible valuation is established. This eliminates the most frustrating aspect of private market exits – the ambiguity of price. 
Last year, one of our platform investors put €20,000 into a fintech startup&#39;s seed round. When the company raised its Series A 18 months later at a 3.2x valuation, she sold half her stake to an incoming investor. She recouped her initial investment while keeping significant upside exposure. 
Why next-round exits work:
<ol>
<li>Transparent pricing – The new valuation provides a clear benchmark </li>
<li>Natural buyers – New investors are already excited about the company </li>
<li>Founder-friendly – The cap table stays &quot;clean&quot; with qualified investors </li>
<li>Timing advantage – You don&#39;t wait 7+ years for liquidity </li>
</ol>
When selling during a new funding round, offering your shares at a 10-20% discount from the new price creates an irresistible opportunity for buyers while still capturing most of your upside. This small concession dramatically increases your chances of a successful transaction and provides the liquidity that might otherwise be years away. 
Many founder-friendly VCs will quietly facilitate these transactions, especially if you&#39;re selling a portion rather than exiting completely. After all, they&#39;re in the business of buying equity – it&#39;s not strange to ask if they want more during a funding round. 
<h2 id="secondary-markets-for-when-you-dont-want-to-wait-for-the-next-round">Secondary markets: for when you don’t want to wait for the next round</h2>
&quot;I don&#39;t need a home run on every investment. Singles and doubles work just fine if I can reinvest quickly.&quot;
That&#39;s what a retail investor with an impressively successful track record told me after closing his third secondary sale in two years. 
The numbers speak for themselves: on SeedBlink alone, <a href="https://seedblink.com/bulletin-board">Bulletin Board</a> transactions have reached €1.76 million in total value, in a timeframe of only 2 years. 
What makes secondary sales work: 
<ol>
<li>Timing flexibility – You decide when to sell rather than waiting for company events </li>
<li>Partial exits – You can sell a portion of your holdings to diversify risk </li>
<li>Reinvestment cycles – Take gains from winners to place new bets, compounding returns </li>
<li>Risk management – Exit companies when your thesis changes or progress slows </li>
</ol>
Last quarter, we helped a retail investor sell their stake in a SaaS startup growing more slowly than projected. The company wasn&#39;t failing, but the path to a large exit had lengthened considerably. The investor took a modest 1.4x return after 20 months, freeing up capital for opportunities better aligned with their timeline.
The key to successful secondary transactions is realistic pricing. Expect a 10–30% discount on the last round valuation unless the company is dramatically outperforming projections. Plus, these transactions typically come with lower exit-associated costs—just 3% on each transaction in our case, versus higher success fees (often 15-20%) that might come with traditional exits. 
<h2 id="the-unspoken-exit-when-vcs-want-you-out">The unspoken exit: when VCs want you out</h2>
Sometimes VCs actively want retail investors off the cap table as companies mature. It’s not otherworldy to hear VCs discuss &quot;cap table cleanup&quot; before Series B or C rounds. While it sounds clinical, it&#39;s really about consolidating ownership and reducing administrative complexity. 
This moment – when VCs are motivated to remove smaller shareholders – creates yet another exit opportunity for retail investors. 
Why these transactions work: 
<ol>
<li>Motivated buyers – The VCs have strategic reasons to complete the transaction </li>
<li>Fair pricing – Usually based on the latest valuation with minimal discounts </li>
<li>Efficient process – The company often handles administrative aspects </li>
<li>Clear communication – Terms are typically well-defined and non-negotiable (in a good way) </li>
</ol>
While you can&#39;t control when these opportunities arise, you can position yourself by investing in startups likely to attract serious institutional funding.
<h2 id="reality-check-this-isnt-for-everyone">Reality check: this isn&#39;t for everyone</h2>
Let&#39;s address the elephant in the room: early exits aren&#39;t always possible, and they almost always involve trade-offs. 
For every successful 2-year exit story, many investments simply don&#39;t offer early liquidity options. About 30% of startups fail outright, and many more enter a zombie state where they&#39;re neither failing nor succeeding dramatically.
The investor focused solely on maximum return potential should probably stick with the traditional approach of long-term holding. But if your goal is to build an actively managed portfolio with more frequent reinvestment cycles, these strategies could transform your approach to startup investing. 
P.S. A personal note on risk management 
The uncomfortable truth about startup investing is that most retail investors focus entirely on picking winners while ignoring exit strategy. But knowing when and how to exit is just as important as knowing what to buy. 
I&#39;ve seen too many retail portfolios where 80% of the value is locked in illiquid positions with no clear exit path. Meanwhile, promising new investment opportunities pass them by because their capital is trapped. 
Is the potential for a 50x return in 10 years really better than three consecutive 3x returns over the same period? The math actually favors the latter (3³ = 27x), with significantly lower risk and more optionality.
Smart investors don&#39;t just think about getting in – they plan their way out from the very beginning.
--
Written by Ionuț Pătrăhău, Managing Partner and Corporate Development @ SeedBlink. In addition to his extensive experience in banking, Ionuț Pătrăhău has also worked in the healthcare sector. Prior to founding SeedBlink, he was the CEO of the private healthcare network Regina Maria and co-founder of the Brain Institute, a neurosurgery center developed in collaboration with Monza Hospital.

Most startup investment advice assumes you're willing to wait 7-10 years for an exit. But what if you're not? 

Exit strategies for retail startup investors 

According to <a href="https://austrianstartupmonitor.at/en/#publications">the Austrian Startup Monitor,</a> accelerators and startup programs are essential players. Half of all young companies (53%) have already participated in an incubator or accelerator program, which gives them access to expert guidance, networking opportunities, and essential funding. The same report shows that 22% of the funding raised comes from accelerators. 
<img src="/img/screenshot-2025-03-20-133149.png" alt="">
This is why we want to introduce you to the top 10 startup accelerators in Austria that every founder should know about and provide key information to help you pick the right fit.
<h2 id="1-accent">1. Accent</h2>
<a href="https://accent.at/">Accent</a> is Lower Austria&#39;s high-tech incubator. It aims to create a foundation for highly innovative start-ups and provide the best possible support. In addition to initial financial support, Accent offers intensive coaching and selected impulse sessions. 
This professional and financial support over the first 18 to 24 months creates the basis for successful business development.
<h2 id="2-agro-innovation-lab">2. Agro Innovation Lab</h2>
<a href="https://www.agroinnovationlab.com/">Agro Innovation Lab</a> is an accelerator created by RWA Raiffeisen Ware Austria and BayWa, aimed at driving cutting-edge solutions in the agriculture sectors. By focusing on sustainable farming and advanced technologies, the program helps entrepreneurs develop market-ready products through personalized mentorship, pilot projects, and access to a vast network of industry experts.
Beyond its core acceleration offerings, Agro Innovation Lab hosts specialized events, hackathons, and challenges to inspire new ideas and encourage collaboration among startups, researchers, and corporates.
<img src="/img/agro-innovation-lab.png" alt="">
<h2 id="3-aws-first-incubator">3. AWS First Incubator</h2>
<a href="https://www.aws.at/">AWS First Incubator</a> is a 12-month program designed specifically for early-stage startups. It provides comprehensive support through financial assistance, structured workshops, and personalized mentorship. 
The program offers monthly personnel cost subsidies and grants for project expenses, enabling startups to focus on refining their business models and accelerating product development while navigating the early growth challenges.
<h2 id="4-grow-f-by-female-founders">4. Grow F by Female Founders</h2>
<a href="https://female-founders.org/startup-program/">Grow F by Female Founders</a> is a five-week investment readiness program for gender-diverse ventures. Throughout the three-month intensive cycle, participants gain access to hands-on, interactive online workshops led by VC investors and industry experts, ensuring founders are fully prepared for their fundraising journey. 
In addition, Grow F offers a personalized fundraising roadmap complete with a comprehensive toolbox of checklists, templates, and other key resources. A core element of the program is the network itself: At the end of the cycle, founders pitch in person to top-tier investors and tap into the broader Female Founders community, which has over 80,000 members.
<img src="/img/grow-f-by-female-founders.png" alt="">
<h2 id="5-impact-hub-vienna">5. Impact Hub Vienna</h2>
<a href="https://vienna.impacthub.net/programs/">Impact Hub Vienna</a>, part of a global network, designs and manages tailored programs that support startups at every stage. The hub offers access to expert mentorship, skill development workshops, and a strong network of industry experts and investors, all aimed at driving social impact across sectors such as climate, mobility, equal opportunity, and healthcare.
Among its diverse portfolio of programs, Impact Hub Vienna organizes the following accelerator and startup programs:
<ul>
<li><a href="https://www.bettermobility.eu/">Better Mobility Accelerator</a>, a six-month international program focused on scaling startups that improve physical and geographical accessibility for underserved and vulnerable groups.</li>
<li><a href="https://vienna.impacthub.net/accelerator-program/rewien/">The RE:WIEN program</a>, supported by the City of Vienna, assists entrepreneurs with innovative ideas to create a smarter, greener, healthier, and more inclusive Vienna.</li>
<li><a href="https://www.redpreneur.org/">REDpreneur,</a> an innovation and acceleration program led by the Red Cross to support impact-driven ventures in the health and care sector, implemented by New Paradigm Ventures and Impact Hub Vienna, with support from the Austrian Development Cooperation.</li>
</ul>
<h2 id="6-inits">6. INiTS</h2>
<a href="https://www.inits.at/en/programs/">INiTS </a>is a business incubator based in Vienna. It specializes in research and technology-driven startups with high growth potential. The University of Vienna, the Vienna University of Technology, and the Vienna Business Agency support the incubator. INiTS helps academic institutions transform cutting-edge research into successful spin-offs. 
The core accelerators and programs organized as part of their activity are:
<ul>
<li>START:IP (The Technology Marketplace) connects researchers with entrepreneurs looking to commercialize hand-picked technologies. It’s the go-to place for turning patents into market-ready innovations.</li>
<li>SCALEup (The Incubator): A structured program guiding early-stage startups through business model validation, funding readiness, and market entry. SCALEup accelerates a venture’s journey to sustainable growth by focusing on hands-on mentoring and networking.</li>
<li>STARTKapital (The Financing): Provides early-stage funding solutions that help scale promising startups. With smart capital and tailored support, founders can focus on what matters most—building and expanding their businesses.</li>
<li>Health Hub Vienna (The Accelerator): This accelerator is dedicated to startups in the healthcare and life sciences sectors. It offers expert mentorship, industry connections, and resources to propel medical and biotech innovations onto the European and global stage.</li>
</ul>
<img src="/img/inits.png" alt="">
<h2 id="7-science-park-graz">7. Science Park Graz</h2>
<a href="https://www.sciencepark.at/">Science Park Graz</a> is an incubator program dedicated to tech-based startups, offering a structured environment with mentorship, workshops, and access to a robust network of alumni and investors. 
The program leverages both public funding and private investment opportunities, providing early-stage companies with the financial and strategic resources needed to advance their innovations and refine their business models.
<img src="/img/science-park-graz.png" alt="">
<h2 id="8-startuptirol">8. Startup.Tirol</h2>
<a href="https://www.startup.tirol/">Startup.Tirol</a> is a startup program designed specifically for tech-based startups in the Tyrol region. It offers tailored mentorship, business plan development sessions, and networking opportunities that connect early-stage ventures with industry experts, experienced entrepreneurs, and potential strategic partners. 
The program also offers support that helps startups refine their ideas, build robust business models, and navigate the competitive landscape effectively.
<img src="/img/startup.tirol.png" alt="">
<h2 id="9-tech2b">9. Tech2b</h2>
<a href="https://www.tech2b.at/">Tech2b </a>is a startup incubator that provides tech companies with essential support through targeted training, personalized mentorship, and thorough market analysis. 
By offering free office space and access to robust investor networks, the program creates an ideal environment for early-stage companies to refine their ideas, build viable business models, and navigate the challenges of launching in competitive markets.
<img src="/img/tech2b.png" alt="">
<h2 id="10-venturecake">10. VentureCake</h2>
<a href="https://venturecake.eu/">VentureCake</a> is an accelerator program designed to give early-stage startups everything they need to grow and succeed. During the program,, participants gain direct ecosystem access, and a dedicated mentoring track provides personalized guidance from top industry experts. This helps founders refine their strategies, troubleshoot challenges, and unlock valuable networks. 
On the operational side, VentureCake also offers a co-working space in central Vienna, complete with an official business address, where startups can work professionally and connect with fellow entrepreneurs. 
At the program’s Demo Day, founders can even compete for a €250,000 pitch prize, offering a sweet reward that acknowledges hard work and fuels further growth.
<img src="/img/venturecake.png" alt="">
<h2 id="stay-connected">Stay connected!</h2>
This article is part of a series in which we present the top startup incubators and accelerators across Europe. Here’s Germany for example, or Romania. Stay tuned!
Looking for Austria’s top startup venture capital firms instead? Check out our list of venture capital firms <a href="https://tech.seedblink.com/vc-network">here</a>.

Austria is home to more than 3,400 startups, and the startup community is growing at an annual rate of around 15%.

Top 10 accelerators and startup programs in Austria

82% of cybersecurity breaches are due to human error. Awakeness, a Romanian startup, is tackling this challenge head-on with its AI-powered SaaS platform designed to transform human risk into cybersecurity resilience.
Led by seasoned cybersecurity experts Dan Broasca, CEO, and Gabriel Avramescu, CPTO, Awakeness aims to transform how organizations approach cybersecurity training.
In today’s interview, we sat down with Dan to talk about Awakeness&#39;s mission, the technology behind their platform, and their vision for the future.
1. What inspired you to create Awakeness, and how does your background influence the company&#39;s mission? 
My journey in cybersecurity has always been about understanding how technology can be used to empower people. Over the years, I realized that despite advancements in security tools, human error remained the primary vulnerability. I saw countless organizations invest heavily in technical defenses yet still fall victim to breaches caused by mistakes like phishing attacks, misconfigurations, or weak passwords. This inspired me to create Awakeness, a platform designed to tackle this challenge head-on. 
By combining my experience with Gabriel’s expertise, we built an AI-powered platform that delivers personalized, behavior-driven training, transforming employees from security risks into proactive defenders.
2. Can you tell us more about how Awakeness&#39;s AI-driven platform works? 
Traditional learning modules often rely on generic content that employees can preview repeatedly without much impact. At Awakeness, we’ve taken a different approach. 
Our AI-driven platform profiles each user based on their role, industry, and skill level to deliver highly contextual scenarios. For example, instead of generic phishing simulations, our platform generates realistic scenarios featuring familiar names — like colleagues, managers, or even projects from their workplace. 
This personalized experience significantly boosts engagement and makes the training far more effective. By mimicking real-life or familiar environments, employees are better prepared to recognize and respond to security threats in their daily work.
3. What makes Awakeness different from other cybersecurity training solutions? 
As I mentioned earlier, our platform goes beyond traditional learning methods. Instead of relying on generic content that employees can repeatedly preview with minimal impact, Awakeness leverages AI-driven profiling to customize training based on each employee’s role, industry, and skill level. 
This is a unique approach adopted by only a handful of companies in the industry. By delivering highly contextual scenarios that reflect the employee’s real-world environment, we ensure the training is practical and engaging.
In addition, we leverage CERT input alerts on phishing threats to generate simulated attacks based on real-world incidents. This proactive approach ensures employees are trained in emerging tactics that attackers are actively using. 
By combining personalized learning with real-time threat intelligence, Awakeness prepares employees to identify and respond to the latest security risks, improving both awareness and resilience. 
These are just two key differentiators, but we have an ambitious roadmap ahead — with exciting innovations and enhancements still to come. 
4. In what ways does Awakeness ensure compliance with regulations such as GDPR?
Awakeness is hosted in a Western Europe cloud, prioritizing privacy protection to ensure data security and regulatory compliance. The platform is fully compliant with GDPR, as well as with DORA Regulation, the NIS 2 Directive, the NIST Cybersecurity Framework, ISO 27001, and many other global regulations and standards. 
What’s crucial to highlight is that a significant number of these standards explicitly require cybersecurity training and simulation attacks as a core compliance element. This underscores the growing recognition that employee awareness and preparedness are critical to building a resilient security posture. 
5. Could you share some success stories from clients who have implemented your solution? 
Our MVP was successfully launched in December 2024, marking a significant milestone for Awakeness. Our customer DPWorld has been a valued design customer and early adopter, playing a pivotal role in shaping our platform, and expressed high satisfaction with the results.
Testimonial: 
“Awakeness has transformed our approach to cybersecurity training. The personalized scenarios and real-world simulations have significantly improved our employees’ awareness and response capabilities.” 
6. The market opportunity for cybersecurity awareness training is projected to reach €9.16B by 2027. How is Awakeness positioning itself to capitalize on this growth? 
With the cybersecurity awareness training market expected to reach €9.16 billion by 2027, we are strategically positioning Awakeness to secure a meaningful share of this growth. 
Our goal is to achieve €18 million in revenue by 2027, representing approximately 0.2% of the projected market value — a realistic yet ambitious target that reflects our growth potential. 
With a targeted marketing strategy supported by European regulations such as NIS2 and DORA, we are confident that our platform’s innovative features, personalized training experiences, and proactive threat simulations will enable us to capture a solid market presence and deliver measurable impact for our clients. 
7. What are the next key milestones in the company’s future? 
Looking ahead, we are preparing for a major release in just two weeks, which will introduce enhanced features and further elevate the platform’s capabilities. 
Additionally, we are advancing our AI integration to further personalize learning experiences, enhance threat simulations, and improve risk profiling. 
In the next three months, we plan to expand our platform’s accessibility by adding support for 20 new languages, ensuring a broader reach across diverse markets. 
To support our growth, we are also developing a dedicated marketing team focused on regional and European-level expansion, ensuring our platform reaches organizations that need robust cybersecurity awareness solutions. 
Our ambitious roadmap includes continuous innovation, with a focus on delivering powerful features that strengthen organizations’ resilience against human-related cybersecurity risks. 
8. For potential investors, what makes Awakeness a strong investment opportunity right now? 
Our platform has already achieved key milestones, including a successful MVP launch in December 2024, which offers investors the opportunity to enter the market early and capitalize on our growth potential. Additionally, the current 30% discount for early adopters provides a significant advantage, encouraging organizations to onboard quickly and scale adoption. 
With the NIS2 and DORA regulations creating a pressing need for cybersecurity awareness solutions at a local or European level, Awakeness is perfectly aligned to meet these demands with our compliance-driven training platform. 
Our experienced team of senior security specialists and seasoned developers, combined with our understanding of local and regional market dynamics, positions us to deliver impactful solutions at scale. 
<a href="https://investors.seedblink.com/invest/awakenessai/343">Explore the opportunity on SeedBlink.</a>

Interview with Dan Broasca – CEO of Awakeness

Awakeness: transforming human risk into cybersecurity resilience 

Convertible loan agreements, also known as convertible notes or CLAs, are increasingly being used by European founders. <a href="https://www.reuters.com/business/finance/europes-start-ups-turn-increasingly-complex-debt-deals-cash-dries-up-2024-03-18/">According to Reuters and Dealroom</a>, the volume of convertible debt issued by European venture-backed firms reached a record $2.5B in 2023, up from $1.7B in 2022. 
But what exactly are CLAs, and why are they beginning to capture attention in the European startup ecosystem? 
This article explores the structure, benefits, and challenges of using a convertible loan agreement as a startup funding instrument for your company.
<h2 id="what-is-a-cla">What is a CLA?</h2>
A convertible loan agreement is a financial tool startups use to raise early-stage funding. Under a CLA, an investor lends money to a startup with the agreement that the loan will convert into equity, similar to <a href="https://seedblink.com/2025-02-13-investment-tools-explained-safes-for-european-startups">how SAFEs work</a> when a predetermined event occurs, typically during a subsequent equity financing round or acquisition. Unlike SAFEs, CLAs include debt-like features such as interest accrual, a maturity date, and clear rules for acquiring the equity. 
Key elements of CLAs include:
<ul>
<li>Loan amount: The capital provided by the investor.</li>
<li>Interest rate: The rate at which the loan accrues interest until conversion.</li>
<li>Maturity date: The deadline by which the loan must either convert to equity or be repaid.</li>
<li>Valuation cap: A ceiling on the conversion price which ensures that investors convert their loans into equity at a favorable rate, even if the company’s valuation rises significantly.</li>
<li>Discount rate: A percentage discount is applied during conversion to reward early investment.</li>
<li>Conversion event: The trigger (often a priced round or acquisition) that converts the loan into equity.</li>
</ul>
Additionally, a CLA includes a side letter represented by a separate document and typically contains additional rights or provisions that the investor wants to have but are not included in the main CLA document. 
For example, the side letter may grant the investor certain <a href="https://seedblink.com/glossary/pre-emptive-participation-rights">pre-emption rights</a> or other shareholder-specific rights, even though the investor is not yet a shareholder at the time of the CLA. The side letter allows the investor to negotiate and secure these additional rights separately from the main CLA.
<h2 id="why-are-clas-a-good-funding-instrument-for-european-founders">Why are CLAs a good funding instrument for European founders?</h2>
There are a few key reasons why CLAs can be a good funding instrument for European founders:
<ul>
<li>Flexibility - CLAs allow founders to raise funding more aggressively and flexibly than a full equity round. Founders can raise smaller amounts sequentially through CLAs rather than needing to complete a larger equity round all at once.</li>
<li>Easier negotiation - The terms of a CLA tend to be more straightforward to negotiate than a full equity round, which has more moving parts.</li>
<li>Avoiding early equity dilution - By using a CLA instead of an equity round early on, founders can avoid giving away too much equity at an early, potentially low valuation. This helps preserve more equity for the founders.</li>
</ul>
<h2 id="clas-in-the-european-context">CLAs in the European context</h2>
CLAs are the most popular unpriced funding instrument in Europe. Here are some key points about key characteristics of convertible notes in some European countries: 
Austria: 
<ul>
<li>Requires notarial deed if conversion rights are included upfront</li>
<li>Typically structured as qualified subordinated loans</li>
<li>Interest rates usually between 3-5%</li>
<li>Standard discount rates of 15-25%</li>
<li>Usual term length of 1-2 years for convertible bonds</li>
<li>Conversion rights must be clearly defined at issuance</li>
<li>Special reporting requirements if total volume exceeds €250,000</li>
</ul>
<a href="https://info.hub.brussels/en/guide/company-financing/convertible-bond">Belgium</a>:
<ul>
<li>Interest rates can be relatively low (e.g., around 5%), but still higher than traditional bank loans due to startup risk</li>
<li>Quick and straightforward to set up, making it attractive for startups that want to raise funds without lengthy negotiations</li>
<li>Short-term nature means startups may need to seek additional funding before maturity, potentially leading to a new fundraising process</li>
</ul>
Important note: <a href="https://www.jonesday.com/en/insights/2023/03/belgian-regulator-beware-of-convertible-bonds">The Belgian Financial Services and Markets Authority (FSMA)</a> warns that such dilutive instruments can hurt existing shareholders and hold company directors liable if proper reporting and safeguards aren’t in place.
Czech Republic: 
<ul>
<li>No specific “convertible loan” mechanism exists under Czech law, so it’s usually structured as a regular loan plus a future equity subscription agreement.</li>
<li>A notarial deed is required to record any capital increase in a s.r.o. (LLC) when new ownership interests are issued.</li>
<li>Typical interest rates range around 5–8%, while discounts on conversion are often in the 10–20% range.</li>
<li>Because there is no statutory framework, parties need to be clear about the loan’s terms and conditions, as well as the process and timing for conversion into equity.</li>
</ul>
Germany
<ul>
<li>Often structured as subordinated loans</li>
<li>Strict notarization requirements for conversion</li>
<li>Typically includes both a discount (15-20%) and a cap</li>
<li>Interest rates usually between 4-8%</li>
<li>Mandatory conversion at long-stop date</li>
</ul>
Poland:
<ul>
<li>Poland doesn’t have a <a href="https://codozasady.pl/en/p/convertible-loans-a-practical-look#:~:text=Distinguishing%20elements%20of%20a%C2%A0convertible%20loan">dedicated statute for convertible notes</a>, but they’re allowed under general contract rules. Essentially, you sign a standard loan agreement that also spells out how and when the loan will convert into shares.</li>
<li>Because there’s no concept of simply “turning debt into existing shares,” conversion in Poland almost always means issuing new shares to the investor. When the loan converts, the investor’s principal plus any accrued interest is treated as an in-kind contribution (known as a “aport”) in exchange for new shares.</li>
<li>Interest rates in Polish convertible notes often hover around 5–10% per year, which is added to the principal if not paid out before conversion. Investors also tend to get a discount on the share price in the next equity round, 15–25% is a common range, compensating them for taking an early risk.</li>
</ul>
Romania:
<ul>
<li>Romanian company law <a href="https://www.legalbrain.blog/post/convertible-notes-under-romanian-law-a-financing-possibility-for-companies">does not formally recognize “convertible notes,”</a> but they are adapted using Company Law 31/1990 and the Romanian Civil Code.</li>
<li>In practice, companies and investors sign a loan agreement that can be repaid in cash or converted into shares if shareholders approve a capital increase.</li>
<li>Interest rates typically align with broader European norms, and discounts of 15–25% are common in term sheets.</li>
</ul>
<a href="https://swissstartupassociation.ch/2020/12/04/convertible-loans/">Switzerland:</a>
<ul>
<li>Interest rates usually between 1–5% (may vary), converting to equity</li>
<li>Maturity date typically up to 3 years, triggering conversion</li>
<li>Common conversion triggers include capital raises, milestones, or exits</li>
<li>Standard discount rates of 10–25%</li>
<li>Valuation caps limit the investor’s conversion price</li>
</ul>
Important note:<a href="https://swissstartupassociation.ch/2020/12/04/convertible-loans/"> You can&#39;t have more than 10 loans</a> of the same kind or more than 20 loans in total. If you exceed 20 loans and are paying interest on them, you&#39;ll be considered a bank, which is not allowed unless you have a bank license under Swiss financial market laws.
<a href="https://venturelawyers.nl/convertible-loans/">The Netherlands:</a>
<ul>
<li>Common discount on the next round’s share price is around 20%</li>
<li>A valuation cap is frequently included to protect early investors from higher future valuations</li>
<li>Investors usually have the option to convert using either the discount or the valuation cap, whichever is more favorable</li>
<li>Designed for quick, cost-effective fundraising, deferring detailed valuation negotiations until a later stage</li>
</ul>
<h2 id="when-to-use-a-cla">When to use a CLA?</h2>
CLAs are popular for startups that need a flexible and structured funding solution. They can benefit startups in transitional phases or when traditional funding options are less practical.
Here are some of the most frequent scenarios in which CLAs proved a useful fundraising tool for founders, along with essential details about each use case. 
1. In the very early stages of your company.
When the founder doesn&#39;t have a clear valuation for the company yet, a CLA can be a good option to raise initial funding without having to price the equity.
A CLA allows the founder to build the product and establish a valuation before doing a priced equity round.
2. In a bridge round. 
If the founder is close to being ready for the next equity round but needs some additional runway, a CLA can be used as a bridge to that next round.
The CLA terms, like shorter maturity and lower discounts, can reflect the proximity of the next equity raise.
3. In uncertain market conditions.
A CLA can provide more flexibility than a full equity round in volatile or uncertain market environments.
The founder can raise funding incrementally through CLAs rather than needing to complete a larger equity round all at once.
4. When you want to avoid early dilution. 
Using a CLA early on can help founders avoid giving away too much equity at a potentially low valuation, preserving more of the company for the founders.
5. In fundraising rounds with a sophisticated investor base (e.g., venture debt investors) 
CLAs can be a flexible yet structured funding instrument when targeting more experienced or institutional investors, such as venture debt firms. 
These investors value the clarity of debt terms and the opportunity to convert them into equity, making CLAs an attractive alternative to equity loans.
For more insights, watch our webinar on CLAs and their impact on fundraising rounds, which was hosted by <a href="https://at.linkedin.com/in/maxschausberger">Maximilian Schausberger</a>, Managing Director at <a href="https://www.elevator-ventures.com/en/home.html">Elevator Ventures</a>, was joined by <a href="https://at.linkedin.com/in/ronald-rapberger">Ronald Rapberger</a>, Regional Manager DACH at SeedBlink, and <a href="https://ro.linkedin.com/in/andreihancu">Andrei Hancu</a>, SeedBlink’s General Counsel. 
<iframe width="560" height="315" src="https://www.youtube.com/embed/aObwcDC45Z0?si=c_Aste8O77BuDXRo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

Example - A startup raising with a CLA
For this, we have a growth-stage startup, TechFlow, specializing in AI-driven workflow automation. The company has reached significant milestones, including $3M in annual recurring revenue (ARR) and a strong pipeline of enterprise clients. 
While preparing for a Series A funding round, TechFlow realizes it needs $2M in bridge financing to scale operations and seize new opportunities. To address this short-term need, the founders created a CLA.
How the CLA Is structured:
<ul>
<li>Principal Amount: $2M. This is the loan amount investors provide.</li>
<li>Interest Rate: 8% annual interest accrues on the loan until conversion or repayment.</li>
<li>Valuation Cap: $50M. This cap ensures investors can convert their loan into equity at a favorable price if the company’s valuation exceeds $50M during the Series B round.</li>
<li>Maturity Date: 18 months. If the loan hasn’t been converted into equity by this date, it must be repaid in full, including accrued interest.</li>
<li>Discount Rate: 15%. If the valuation cap isn’t triggered, the CLA converts at a 15% discount to the price per share in the Series B round.</li>
</ul>
Advantages for TechFlow:
<ol>
<li>Access to quick funding: The CLA provides TechFlow with immediate capital to scale operations without waiting for the Series B round.</li>
<li>Flexibility: The company avoids immediate equity dilution and can raise funds without formally pricing the Series A round.</li>
<li>Investor alignment: The valuation cap and discount ensure investors are vested in TechFlow’s success, making them valuable partners.</li>
</ol>
Advantages for investors:
<ol>
<li>Security with upside potential: The interest rate and maturity date provide financial security, while the valuation cap and discount offer significant equity upside in the event of a successful Series A round.</li>
<li>Clearly defined terms: Unlike SAFEs, CLAs provide investors with a structured agreement that includes repayment options if conversion doesn’t occur.</li>
</ol>
Risks and considerations:
<ul>
<li>For founders, if TechFlow’s Series A round is delayed, the loan’s maturity date could create financial strain, as the company would need to repay the principal plus interest.</li>
<li>For investors, while CLAs offer more security than SAFEs, they still risk losing their investment if TechFlow fails to raise a subsequent round or grow as anticipated.</li>
</ul>
<h2 id="raise-your-next-fundraising-round-with-seedblink">Raise your next fundraising round with SeedBlink</h2>
Whether you’re an early-stage startup or a growth-stage company looking to secure financing with Convertible Loan Agreements (CLAs), SeedBlink can help.
With SeedBlink, you gain access to 
<ul>
<li>Pitch deck and fundraising materials review, ensuring your materials resonate with potential investors.</li>
<li>Matching tools and introductions to angel investors, venture capitalists, and other funding opportunities.</li>
<li>Expert guidance on CLAs, helping you structure deals effectively to align with your growth strategy.</li>
<li>Post-financing support, including investor communication and reporting tools to keep you on track.</li>
</ul>
<a href="https://tech.seedblink.com/raise-hub">Get started here</a>.

Learn how CLAs work, their pros and cons, and how founders choose the right tool for successful fundraising.

Investment tools explained: CLAs for European startups

Managing finances can be challenging, but Bankata is on a mission to change that. Led by Diana Seredenciuc, CEO, a banking and investment expert with over 15 years of experience at institutions like Erste Group, Citibank, and UniCredit, the platform empowers individuals and SMEs with AI-driven financial products, budgeting tools, and independent reviews, helping users save time and take control of their financial journey. 
In this interview, we spoke with Diana about Bankata’s vision, the challenges of the fintech space, and what’s next for the company. 
1. What inspired you to create Bankata and what specific financial challenges does it solve? 
Having spent over a decade in the European financial sector before moving to Singapore, I witnessed firsthand how limited financial solutions were for the average consumer. Upon returning, I noticed that while the market had evolved rapidly, many customers had been left behind. The sheer complexity of financial products often overwhelms users, leading them to choose services that don’t align with their needs. Bankata was created to bridge this gap—helping consumers navigate the financial landscape with clarity, making informed decisions, and managing their money effortlessly. 
2. How does Bankata use AI to personalize financial recommendations? 
We’re integrating AI-driven analytics to assess user behavior, spending patterns, and saving habits. By leveraging this data, Bankata will provide highly tailored product recommendations that align with individual financial goals. Our goal is to simplify decision-making while helping users save both time and money by presenting them with the best financial solutions available. 
3. What sets Bankata apart in the competitive European fintech market? 
Bankata is a fully integrated European solution for budgeting, saving, and investing—bringing together financial planning, automation, and advisory under one roof. Unlike other platforms that focus on single-use cases, we offer a comprehensive ecosystem that helps users take full control of their financial lives. 
4. Bankata has gained 350,000+ users and 10,000 app downloads. What factors have driven this early traction? 
The strong demand for financial clarity has fueled our rapid growth. Many consumers struggle to understand and compare financial products, leading to frustration and inefficiency. Bankata solves this by providing:
<ul>
<li>Automated budgeting tools that simplify financial planning. </li>
<li>Personalized product recommendations tailored to individual financial needs. </li>
<li>A team of experienced wealth managers, bringing 15+ years of expertise in helping consumers optimize their finances.</li>
<li>By making finance more accessible and user-friendly, we’ve quickly built a strong, engaged community. </li>
</ul>
5. You&#39;re aiming for 10% market penetration in digital wallets in Central and Eastern Europe. What’s your strategy to achieve this? 
To reach 10% market penetration in CEE, we’re focusing on: 
<ul>
<li>AI-powered smart finance tools – offering automated budgeting, expense tracking, and tailored financial insights. </li>
<li>Multi-currency &amp; cross-border capabilities – catering to the needs of international users, SMEs, and freelancers. </li>
<li>Strategic partnerships – collaborating with banks, fintechs, and payment providers to expand reach and credibility.</li>
<li>Hyper-localized marketing – using regionalized content, referral incentives, and influencer-driven engagement. </li>
</ul>
Our strategy ensures that Bankata becomes the go-to financial management platform in the region. 
6. How does Bankata ensure security and address data privacy challenges? 
We run our business in a heavily regulated market, and we rely on the European PSD2 legislation to aggregate and analyze all customer accounts and transactions. PSD2 requires fintechs to be authorised and adhere to a very strict set of guidelines. We use an authorised and well-established 3rd party provider that also works with some of the largest fintechs and neobanks in Europe.  
User privacy is our priority. We never share data and only analyze anonymized account and transaction information to enhance user experience without compromising security.
7. What are the next milestones for Bankata? 
By the end of 2025, we will launch: 
<ul>
<li>Single sign-on for personal &amp; SME accounts. </li>
<li>Payment initiation, digital wallets, and linked digital cards. </li>
<li>Instant phone payments &amp; digital top-ups by 2026. </li>
</ul>
On the financial side, Bankata is set to scale its Monthly Recurring Revenue (MRR): 
<ul>
<li>€50K by end of 2025 </li>
<li>€140K by late 2026 </li>
<li>€450K by 2027 </li>
</ul>
These milestones will solidify Bankata’s position as a leading fintech player in Europe. 
8. For investors, why is now the right time to support Bankata? 
The fintech sector is undergoing a massive transformation, making it one of the most attractive investment opportunities today. Consumers and businesses are rapidly shifting towards digital banking, payments, and investment solutions. The demand for seamless, mobile-first financial services has never been higher, and fintech companies are at the forefront of this revolution. This is why the global fintech market is projected to grow at a CAGR of over 20% in the coming years. With financial inclusion expanding, digital wallets, robo-advisors, and AI-driven financial services are seeing record adoption rates. 
<a href="https://investors.seedblink.com/invest/Bankata/290">Explore the opportunity on SeedBlink.</a>

Interview with Diana Seredenciuc – Founder of Bankata

Simplifying finances: how Bankata empowers users to take control 

<h2 id="food-for-thought">Food for thought</h2>
Project Europe | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dbe8463be81%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645474982%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=7qc7hsMO9X54PvlbX8NmM6yzz%2BoStia%2FgWigik5u%2Fcw%3D&amp;reserved=0">Read more</a>
A recurring theme in Europe’s tech world is that the region needs its own Google or Microsoft. Now comes the launch of a new fund to support this initiative.
Corporate Governance is broken | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D3522018861%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645495142%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=r3CvFiK4YExEd%2BRl97%2FZ34TIlATRquxT4gi89JjpHUw%3D&amp;reserved=0">Read more</a>
Recently, an investor told us something that stuck with us: &quot;I can handle bad news, but I dislike surprises.&quot; Startups must maintain practical transparency in their interactions with shareholders. Andrei Dudoiu, CEO of SeedBlink, provides a few pieces of advice for startup founders (great to forward by investors).
Secondaries deal assessing | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D466816f2ee%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645512297%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=YFCGRKdlDtybzU44SI1IRMJFfyGy3gqM5Y8niZoewVE%3D&amp;reserved=0">Read more</a>
Investing in secondaries is less speculative than primary rounds—you’re dealing with established companies and tangible performance data. However, due diligence remains critical. 
Podcast of the week: Execution Machine - <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dee266abe74%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645527719%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=i%2FadY6I4Aymryssh5h%2F9W5ARCOB5Jl4oqzRbkPSgoik%3D&amp;reserved=0">Tune in</a>
Nik Storonsky is the Co-Founder and CEO of Revolut, one of the fastest-growing companies in the world with a $45BN valuation and 50M customers worldwide. In July 2024, Revolut posted a whopping $2.2BN in revenue with $545M in pre-tax profit in 2023.
<h2 id="seedblink-secondaries">SeedBlink Secondaries</h2>
Early-liquidity solutions for investors &amp; employees.
Secondary deals offer the opportunity to invest in established companies by buying shares directly from current shareholders, bypassing traditional funding rounds. Currently available:
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dd4a8fb9364%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645546739%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=Z3e6JUqSQyPiJe3T9tAPcYCSrvU6lv3do8%2F2BxNFEQo%3D&amp;reserved=0">.lumen</a>: glasses for the blind | Landmark year with record-breaking raise, commercialization in sight, and global showcases (Toyota Mobility Foundation, Amazon Web Services, NVIDIA, CES).</li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D43a0b98e34%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645566365%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=KC33%2BlqinZtuobDypP6erIQ9aOCP5NQfqBIzEKakJ1U%3D&amp;reserved=0">Bolt</a>: urban mobility, redefined | Operating in 500+ cities across 45+ countries. With over 150 million users and a €2 billion annual revenue milestone achieved in 2024. </li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dc8eebb67e6%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645585515%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=m8oJVoTtgKSgQoONGr%2FZ%2B5NNwXxgeZuO7iWee7OGn2Q%3D&amp;reserved=0">Databricks</a> - AI cloud data platform | 10,000 organizations globally, including 60% of the Fortune 500, with clients such as Block, Comcast, Shell, and Rivian. </li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dc1d1518e53%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645602815%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=gDnoWDq%2FEGT8JZX2DIwX6IkfHDE5Gi0gnFixIpx33QA%3D&amp;reserved=0">Epic Game</a>s - gaming and software licensing | Over 800 million accounts across Fortnite, Fall Guys, and Rocket League. $5.8 billion estimated revenue in 2024. </li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dd0e45eecfa%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645619722%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=aJr1Fse0ihcNGNMhPcj%2F2YxAEL2jojMzgOPUMw%2FwKS4%3D&amp;reserved=0">Koenigsegg</a> - automotive excellence | hypercar company selling vehicles ranging from $1.7-4.5 million each, maintaining profitability while setting world records through innovative technology. </li>
</ul>
<h2 id="seedblink-ventures">SeedBlink Ventures</h2>
Co-invest alongside top-tier investors in tech startups. 
<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D994c3ab453%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645634596%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=gWcK9YaubWs7s%2FL0dlJWxRSra%2F1zAgRoo0vLC5zn7o8%3D&amp;reserved=0">Alcatraz AI</a>, the AI-powered facial authentication startup, is raising its Series B, led by BlackPeak Capital. 
<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Da055571c42%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645648778%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=S9c1mjQ2FsxLjFqpSoqVqYnzALEI%2FpLJeXbTiaxrlZY%3D&amp;reserved=0">Contents.com</a> is raising a €5M bridge round to transform generative AI-powered content creation. 
... and other 12 startups are actively raising now. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D05f409974a%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645662162%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=ZvxUVDpW3mDhWGUI2%2BGeUoVxJ6Y9%2Bv27%2F3ZE0S9IKPs%3D&amp;reserved=0">Explore them</a>.
On the Bulletin Board: Take control of your portfolio with SeedBlink&#39;s Secondary Market. Buy or sell shares in 45 promising tech startups—no minimum ticket required. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D9e34d0c6c7%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645675333%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=BMt0ihdiNL5uo%2FMFnqmqSoOwelY%2Fq4FTSa06Y29MDSk%3D&amp;reserved=0">Explore your opportunities.</a> 
<h2 id="community-events">Community events</h2>
Learn all about specific startups and the bigger tech picture.
Monday - March 17 - 3:00 PM CET - online
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D20dd159609%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645689135%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=R8RxDez%2Fsetv2JM0yY1LnsO513ndr5OmJGkkHRrqTCo%3D&amp;reserved=0">Fire Pitch with Quick Legal</a> - an end-to-end AI-powered platform that is transforming the debt recovery landscape. 
Thursday - March 20 - 3:00 PM CET - online
🎙️<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D0b6c9d69c8%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645718471%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=tYYpqRfZ%2Btd2eT5%2BfZxk5HfKiqAS8chK%2BI%2FVZdAYVUU%3D&amp;reserved=0"> Fire Pitch with Awakeness</a> - an AI-powered SaaS platform for cybersecurity awareness training and simulations, designed to transform human risk into cybersecurity resilience. 
<h2 id="seedblink-syndicates">SeedBlink Syndicates</h2>
Pool capital, aggregate shareholders and simplify governance.
Our new Angels &amp; Deal Makers tool enables investment leaders to pool smaller tickets into powerful investment vehicles without the admin hassle.
We&#39;re currently seeking design partners from the angel and deal maker community—if you&#39;re interested in shaping this specialized experience and access special pricing, join our <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Deea9fffaac%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645747407%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=xEW3SK5UVRkbPHvSa5GHrqnphZcKYkKdIPKFqph3Ii4%3D&amp;reserved=0">early access program</a>. And if you know an angel who might be a great fit, feel free to share. Here’s to smarter investing and better deals. 
<h2 id="seedblink-equity">SeedBlink Equity</h2>
Equity management, stakeholder governance and portfolio tracking.
Portfolio management: tools and tactics for investors | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Db1f30d9c57%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C0c1ab364e982428d2aa408dd6525a9df%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638777934645762360%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=8YvveDZDDvv1wtUG6Ui1CAbWUP66jEf%2BSPqbJkaybUQ%3D&amp;reserved=0">Read more</a>
Managing a VC portfolio requires balancing return maximization with risk management. Success depends on strategic capital allocation, well-timed follow-on investments, founder support, and data-driven performance tracking - all within a long-term framework suited to startup uncertainty.

What’s hot in European tech

Recently, an investor told me something that stuck with me: I can handle bad news, but I dislike surprises.
I’ll be blunt about it: most startup governance advice creates bureaucracy without accountability. Here&#39;s what I have seen works.
Effective startup governance isn&#39;t necessarily about implementing complex board structures or adopting public company frameworks prematurely. 
Instead, start with one core principle: practical transparency. Implement simple but robust financial controls, regular reporting cadences, and accessible documentation that works for both sophisticated and retail investors. 
With modern dashboard software, financial reporting is now straightforward. One SaaS founder I know spends just 15 minutes each quarter exporting key metrics, adding brief context, and sharing it with investors. They track just five KPIs: MRR growth, customer acquisition cost, churn rate, expansion revenue, and cash runway. Each update includes bullet points on wins, challenges, and specific requests for investor help (like introductions to potential clients). This simple practice has generated dozens of valuable connections from their retail investor network.
Most governance challenges arise from ambiguity around decision-making authority. Establish clear distinctions between founder, director, and advisor responsibilities before misunderstandings emerge.
The counterargument 
Some suggest that too much governance stifles innovation and slows decision-making. There&#39;s truth there — overly rigid structures can impede the agility startups need.
Others worry certain information is too sensitive to share with retail investors. &quot;What if competitors find out what we&#39;re doing?&quot; they ask.
But this creates false choices. First, your shareholders understand confidentiality. Second, success lies in execution, not secrecy — even if someone knew your entire strategy, they couldn&#39;t replicate your team&#39;s implementation.
The best startup governance enhances rather than inhibits execution by providing clarity, preventing distractions, and building stakeholder trust. A quarterly email update won&#39;t reveal your secret sauce, but it will transform passive investors into active allies.
The stakes are significant
The consequences of governance gaps extend beyond regulatory concerns. They include operational inefficiencies, resource misallocation, and erosion of stakeholder trust that can challenge otherwise promising companies.
For startups with retail investors, the stakes are particularly important. When retail shareholders lose money due to preventable governance oversights, the damage affects market confidence and potentially shapes regulatory environments for everyone.
The startup ecosystem benefits from addressing these governance challenges with practical frameworks that create accountability while preserving entrepreneurial agility. Your company&#39;s success may depend on it.
P.S. Retail investors aren&#39;t just wallets with legs. They&#39;re often your most passionate brand ambassadors who chose specifically to back YOUR vision when traditional investors might not have been available.
I&#39;ve seen a fintech recruit three advisory board members from their investor base and a software startup secure their largest public sector contracts through investor introductions after an early call where they shared challenges. 
Many startups postpone governance thinking it&#39;s for &quot;later.&quot; Meanwhile, retail investors are left wondering why communication is sporadic at best.
Is a quarterly update really too much to ask for people who&#39;ve bet their personal savings on your success?

Startups need to use radical transparency in their relationship with shareholders. 

How to build startup governance that actually works

5 billion – that’s how many football fans there are in the world, <a href="https://publications.fifa.com/en/vision-report-2021/the-football-landscape/">according to FIFA.</a> With such an impressive number of fans, this sport is – beyond merely a game - a cultural phenomenon that unites communities and drives economies. 
This dynamic has sparked a growing movement towards fan ownership, where supporters are not just spectators, but stakeholders with a real say in their clubs&#39; future.
Fan ownership: from vision to reality 
Fan ownership is not just a concept or a dream anymore. In fact, clubs like FC Barcelona and Real Madrid have long been owned by their members, known as “<a href="https://www.sportingnews.com/us/soccer/news/real-madrid-florentino-perez-socios-los-blancos/zrv8nwkjorh4n5w9w8jngugy">socios</a>”. However, this model faces challenges, particularly in terms of financial sustainability and scalability. 
 Recent advancements in technology are offering new avenues for fan ownership by making it easier for fans to buy, trade, and manage shares securely and transparently. 
In this evolving landscape, innovative platforms are emerging to bridge the gap between fans and the sport they love. One such disruptor is Nordensa, a pioneering fan-ownership sports platform that is changing the game by empowering fans to support young athletes and potentially invest in football clubs and academies.
Nordensa: the first fan ownership platform 
Nordensa introduced a new way to invest in football and offer real fans a seat at the table. Their model is based on fans raising money to scout and support young athletes, and Nordensa transferring them to professional teams, where they begin their careers. 
 Fans get rewarded financially, by keeping up to 8% of the athlete’s income for 5 years. 
This business model combines crowdfunding, fintech, and sports scouting, powered by advanced data analytics to identify young talent worldwide. The platform has already partnered with top-tier clubs like Burnley FC, Standard Liege, and Real Zaragoza, giving players a real shot at success. 
The potential market for Nordensa is massive, bounding the world&#39;s 5 billion football fans. While there are other fan-engagement apps, Nordensa stands out as the only fan-ownership platform in the football world. 
This differentiator sets it apart from fantasy leagues and other engagement tools, offering fans a genuine sense of ownership and impact. 
Nordensa’s traction: 
In its first 12 months, Nordensa has achieved significant traction: 
<ul>
<li>Partnerships with 20 clubs to scout young players </li>
<li>6 players transferred to European teams </li>
<li>3 players participating in Europa League games </li>
<li>14 athletes funded </li>
<li>5% user-to-backer conversion rate </li>
<li>€15 average monthly spend per backer </li>
<li>Coverage in 32 countries and growing </li>
</ul>
Nordensa gained global media coverage, with features in prominent publications like the Daily Mail, Marca, The Herald, and Sports Business Journal. 
Nordensa’s long-term vision is to expand beyond football and into other sports, creating the first multi-sport, fan-backed investment marketplace. The platform also plans to introduce new features that allow fans to interact directly with athletes and track their progress, participate in scouting decisions, and join challenges and earn rewards. 
Investment opportunity 
Nordensa is led by Adrian Docea, Founder, ex-Strategy Director for BBDO Europe, and an experimented team of specialists: Luis Meireles, Chief Scouting Officer, Voicu Bradu, CTO, Tiago Neves, Head of AI, Wouter Lambrecht, Chief Legal Officer, Teddy Sandu, Creative Director with more than 20 years of experience. 
With the first football player funded and transferred by fans from 20 countries, raising €18.000 in just 9 days, Nordensa has an <a href="https://investors.seedblink.com/invest/nordensa/283">active round on SeedBlink</a>, aiming to raise €2.2M in an equity round to scale its fan-ownership platform. 
Having partnerships with over 20 clubs, 14 athletes funded, and 6 players already transferred to Europe, Nordensa is offering investors the chance to join the movement and be part of the next big change in sports. 
<a href="https://investors.seedblink.com/invest/nordensa/283">Explore the opportunity </a>

Nordensa

The future of football: empowering fans through ownership

Artificial intelligence is changing how we work and live, sparking excitement and debate. With billions of dollars in venture capital flowing into AI-first startups, the technology is fueling innovation and raising important questions about job displacement and ethical standards.
Focusing on Europe’s AI scene, we dive into record-setting funding rounds, inspiring success stories, and the evolving regulatory landscape, which aims to balance innovation with oversight. 
Whether you&#39;re a founder looking to scale your business or just curious about the future of tech, this article breaks down the industry&#39;s major trends, challenges, and opportunities.
<h2 id="the-pros--cons-of-ai">The pros &amp; cons of AI</h2>
Artificial intelligence has changed many industries and continues to do so on a large scale. It influences efficiency, automation, and problem-solving, allowing businesses to scale like never before. For founders, AI brought the unique opportunity to simplify operations and optimize some processes for better productivity and profitability.
According to the 2024 <a href="https://dealroom.co/reports/venture-wrapped-global-tech-q4-2024">Venture Wrapped by Dealroom</a>, startups worldwide raised $330B in venture capital last year. Of this total, AI-first companies received $110B, representing a 62% year-on-year increase in AI investment. The data further highlights notable regional differences in AI funding allocation. In the United States, 42% of venture capital was directed to AI startups, while Europe and other regions accounted for 25% and 18%, respectively.
<img src="/img/screenshot-2025-03-13-104013.png" alt="">
Source: <a href="https://dealroom.co/reports/venture-wrapped-global-tech-q4-2024">Venture Wrapped by Dealroom</a>
At the heart of AI&#39;s advantages is its ability to transform how work gets done. By automating repetitive tasks and solving complex problems quickly, AI helps reduce operational costs and accelerates time to market. This efficiency frees up employees, allowing them to focus on innovation and supporting strategic scaling. 
However, the rise of AI is not without its challenges. Concerns such as job displacement, ethical dilemmas, and bias in AI systems have sparked a lively debate about the impact of technology. Some startups are even beginning to advertise “AI-only” job positions, aiming to automate repetitive tasks. According to Sifted, Estonian e-commerce company Hertwill, for example, posted <a href="https://sifted.eu/articles/ai-agents-job-ads">roles exclusively for AI agents</a> and hopes they can handle 70-80% of certain workflows.
While these posts are partly a way to find AI engineers, investors suggest that AI agents could automate as much as 50-75% of some jobs within six months, though full replacement of humans remains unlikely in the near term.
These challenges, for both founders and investors, highlight the need for clear regulatory frameworks and moral guidelines to ensure that AI benefits society.
<h2 id="the-state-of-ai-in-europe">The State of AI in Europe</h2>
AI funding in Europe reached record levels in 2024, accounting for a record 18% of all VC funding. Over the past decade, investments in AI have grown tenfold, driven by increased investor confidence and rapid technological advancement. 
<img src="/img/screenshot-2025-03-13-104403.png" alt="">
Source: <a href="https://dealroom.co/uploaded/2024/06/AI-Europe-report-2024-1.pdf?x63517">AI Europe Report by Dealroom</a>
The sector is the third-largest in terms of funding and the fastest-growing in 2024, surpassed only by energy and robotics in growth since 2016.
<img src="/img/screenshot-2025-03-13-104606.png" alt="">
Source: <a href="https://dealroom.co/uploaded/2024/06/AI-Europe-report-2024-1.pdf?x63517">AI Europe Report by Dealroom</a>
Europe’s AI investment is <a href="https://tech.eu/2025/01/16/ai-investment-surge-the-10-biggest-deals-in-europe-in-2024/">concentrated in a few leading countries</a>, but others are quickly catching up. Historically, the UK, France, and Germany have attracted the bulk of AI funding and remain top hubs. In 2024, French AI startups took the lead, raising over €1.3B (about half of all European AI funding that year), followed by Germany at €910M and the UK at €318M. 
Beyond these big three, the rest of Europe accounted for roughly <a href="https://tech.eu/2025/01/16/ai-investment-surge-the-10-biggest-deals-in-europe-in-2024/">€0.5B in AI deals in 2024</a>​. Emerging hubs like the Netherlands, Sweden, and Spain are contributing increasingly to this total. For example, <a href="https://www.eu-startups.com/2024/12/from-startup-to-superstar-european-startups-that-achieved-the-coveted-unicorn-status-in-2024/">the Netherlands produced a new AI unicorn</a> (DataSnipper, an AI-driven audit automation platform), which reached a $1B valuation in 2024 after a major funding round​.
Sweden and Switzerland are also performing well. <a href="https://euroweeklynews.com/2024/10/05/sweden-top-country-in-europe-for-ai-startups/">A recent global index</a> ranked Sweden as the most attractive country in Europe to start an AI business, with Switzerland second​. 
The Recursive’s <a href="https://therecursive.com/future-of-ai-in-cee-market-report/">State of AI in CEE Report 2024</a> offers us the most recent update from Central and Eastern Europe, with AI startups securing approximately €1.4B in funding during 2023–2024. 
Poland remains the top destination for AI funding in Central and Eastern Europe, followed by Greece and Croatia, each surpassing the €100M mark so far this year. Romania, Slovakia, Bulgaria, the Czech Republic, and Hungary show moderate inflows, while the Western Balkans, led by Serbia, still attract only a small portion of total AI investment, approximately €3M in 2024. Across most CEE countries, the majority of deals occur at the pre-seed and seed stages, indicating a strong focus on early-stage ventures.
<img src="/img/screenshot-2023-10-02-141903.png" alt="">
Source: <a href="https://therecursive.com/future-of-ai-in-cee-market-report/">State of AI In CEE Report 2024</a>
Central and Eastern Europe’s AI investment landscape is undergoing a recalibration following the 2021 valuation bubble. While some companies have seen their stock prices drop significantly, investor interest in AI remains strong: according to the survey data, 99% of VCs in the region are actively investing in AI startups. This shows us a growing focus on projects that demonstrate clear market potential and well-structured execution plans. 
Despite a general slowdown in exits, the appetite for AI-driven innovation is evident, with many investors pivoting to profitability and sustainability as they deploy fresh capital.
<img src="/img/screenshot-2025-03-13-110215.png" alt="">
According to the same <a href="https://therecursive.com/future-of-ai-in-cee-market-report/">report by The Recursive</a>, founders face persistent challenges in areas like: commercialization (45% of respondents), talent acquisition (37%), and data quality (35%). Regulatory challenges (31%), technology risks (22%), and ethical considerations (17%) add further complexity. In response, over 20 new funds have recently launched in the region, collectively amassing over €1.15B.
Top European VC funds investing in AI startups
As AI continues to reshape industries and drive growth, top VC funds across the continent are stepping up, recognizing the vast potential of innovative startups. Below is a list of the top 10 investors in European AI, ranked by the number of investments they have made. 
<ol>
<li><a href="https://aiseedfund.com/">AI Seed</a> – Based in London, England, United Kingdom – 35 AI investments</li>
<li><a href="https://www.amadeuscapital.com/">Amadeus Capital Partners</a> – Based in Cambridge, Cambridgeshire, United Kingdom – 42 AI investments</li>
<li><a href="https://www.bpifrance.com/">Bpifrance </a>– Based in Maisons-Alfort, Ile-de-France, France – 54 AI investments</li>
<li><a href="https://www.elaia.com/">Elaia </a>– Based in Paris, Ile-de-France, France – 34 AI investments</li>
<li><a href="https://www.enterprise-ireland.com/en/">Enterprise Ireland</a> – Based in Dublin, Ireland – 37 AI investments</li>
<li><a href="https://www.htgf.de/en/venture-capital-investor-2/">HTGF | High-Tech Gründerfonds</a> – Based in Bonn, Nordrhein-Westfalen, Germany – 39 AI investments</li>
<li><a href="https://iqcapital.vc/">IQ Capital</a> – Based in Cambridge, Cambridgeshire, United Kingdom – 39 AI investments</li>
<li><a href="https://www.phoenixcourt.vc/localglobe">LocalGlobe </a>– Based in London, England, United Kingdom – 43 AI investments</li>
<li><a href="https://mmc.vc/">MMC Ventures</a> – Based in London, England, United Kingdom – 37 AI investments</li>
<li><a href="https://www.speedinvest.com/">Speedinvest </a>– Based in Vienna, Austria – 40 AI investments</li>
</ol>
If you are the founder of an AI startup that wants to discover more about the dynamic world of European VC investments in AI and connect with the right partners to accelerate your growth, explore our comprehensive <a href="https://tech.seedblink.com/vc-network">European VC network</a>.
AI startups that raised funding through SeedBlink
Here is a snapshot of AI startups that have successfully raised various <a href="https://investors.seedblink.com/">fundraising rounds through SeedBlink</a>.
<ol>
<li><a href="https://www.adastec.com/">Adastec </a>(Bridge round) – Focuses on AI-driven autonomous vehicle technology for public transportation.</li>
<li><a href="https://alcatraz.ai/">Alcatraz AI</a> (Series A) – Delivers AI-based security solutions for physical access control in corporate environments.</li>
<li><a href="http://Brightmind.ai">Brightmind.ai</a> (Seed) — A platform designed to help manage and treat migraines, and in the future, other brain health conditions like dementia.</li>
<li><a href="https://codewell.ai/">CodeWell AI</a> (Pre-Seed) – Develops AI tools to streamline code generation and software development workflows.</li>
<li><a href="http://Contents.com">Contents.com</a> (Series B) – Built on the idea of leveraging Generative AI to usher in a new era of content creation, Contents offers personalized, high-performing creations at scale.</li>
<li><a href="https://www.druidai.com/">DRUID AI</a> (Series A) – Specializes in conversational AI platforms that automate customer and employee interactions.</li>
<li><a href="https://www.flowx.ai/">FlowX AI</a> (Series A) – A startup that offers enterprise-grade AI software, enabling digital transformation for large organizations.</li>
<li><a href="https://www.footprints-ai.com/">Footprints AI</a> (Seed) — Advanced retail media and data insights solutions to help retailers optimize advertising and customer engagement.</li>
<li><a href="https://fretello.com/">Fretello </a>(Late-Seed) — An AI-powered interactive guitar learning app designed for beginners.</li>
<li><a href="https://www.inheartmedical.com/">inHeart </a>(Late-Seed) — An AI-powered digital twin of a human heart that helps cardiologists treat their patients more efficiently and effectively.</li>
<li><a href="https://www.dotlumen.com/glasses">.lumen</a> (Late-Seed) – A DeepTech startup that builds glasses that empower the blind to live a better life.</li>
<li><a href="https://salesommo.com/">SalesOMMO </a>(Pre-Seed) — A virtual companion for people in sales and business development.</li>
<li><a href="https://www.securif.ai/">SecurifAI</a> (Seed) – A company specializing in AI/ML solutions to enhance security and risk management.</li>
<li><a href="https://synaptiq.io/">Synaptiq</a> (Seed) – Provides AI-based analytics and data intelligence solutions for enterprise clients.</li>
</ol>
<h2 id="tap-into-the-next-ai-opportunities">Tap into the next AI opportunities</h2>
For investors eager to back the next wave of AI innovations, keep an eye on <a href="https://investors.seedblink.com/"> SeedBlink’s top-tier startups</a>. You’ll get early access to promising ventures, a transparent investment process, and the opportunity to diversify your portfolio with cutting-edge technologies.
Are you an AI startup looking for funding? Check out SeedBlink’s offering, from <a href="https://tech.seedblink.com/raise-hub">syndicated investments from your own network</a> to cap table clean-ups, <a href="https://tech.seedblink.com/financing-solutions">strategic fundraising advice or crowdfunding</a>. 
And since we’re talking about AI, If you’re looking just to brush up your pitch deck, why not use our AI pitch review tool? <a href="https://seedblink.com/welcome-to-seedblink">Get an account on SeedBlink</a>, activate our 14 day Free Trial and get that pitch deck in good shape for free.

Europe's AI revolution - between record VC funding, breakthrough startups, ethical debates, and evolving regulations.

Europe's AI investment landscape: A deep-dive

However, due diligence remains critical. Whether you’re a seasoned investor or new to the secondary market, here’s a step-by-step guide to evaluating a secondary deal effectively. 
<h2 id="1-start-with-the-fundamentals">1. Start with the fundamentals</h2>
Your first priority is to assess the company&#39;s fundamentals. 
<ul>
<li>Performance metrics: Look for revenue growth, profitability, and customer acquisition rates. Focus on late-stage companies with robust financials. </li>
<li>Market position: Does the company dominate its niche, or is it battling strong competitors? Evaluate its competitive edge and market share.</li>
<li>Leadership: Research the founders and leadership team. A strong track record often signals stability and better decision-making. </li>
</ul>
Pro tip: Use publicly available reports, investor updates, and market research to gather insights into the company’s trajectory. The company’s Press Room is a great starting point. 
<h2 id="2-understand-the-share-class">2. Understand the share class</h2>
Not all shares are created equal. The type of equity you’re buying determines your rights and protections.
<ul>
<li>Preferred Shares: Offer<a href="https://seedblink.com/2025-02-25-what-types-of-shares-are-best-for-secondaries-investments"> liquidation preferences</a> and potential anti-dilution protections, reducing risk.</li>
<li><a href="https://secondaries.seedblink.com/">Common Shares</a>: Lack preferential rights but may have higher upside potential. </li>
</ul>
<h2 id="3-assess-valuation-and-pricing">3. Assess valuation and pricing</h2>
Pricing is a critical factor in secondary investments. 
<ul>
<li>Check if the <a href="https://seedblink.com/2025-02-25-what-types-of-shares-are-best-for-secondaries-investments">shares</a> are priced at a discount or premium to the company’s most recent valuation. </li>
<li>Discounts can signal value or risk—an unusually steep discount may indicate underlying problems. </li>
</ul>
<h2 id="4-evaluate-the--market-context">4. Evaluate the market context</h2>
The broader economic environment can significantly impact a startup’s prospects. 
<ul>
<li>Economic conditions: Consider how factors like inflation or interest rates might affect the company or its sector. </li>
<li>Sector health: Look at the startup’s industry. For instance, climate tech may face regulatory risks, while health tech often benefits from stable demand but requires heavy R&amp;D investment. </li>
</ul>
Action: Research industry-specific trends and macroeconomic factors that could influence the company’s performance. 
<h2 id="5-verify-the-deal-terms">5. Verify the deal terms</h2>
A secondary transaction’s structure can make or break its attractiveness. Carefully review the deal terms: 
<ul>
<li>Transfer restrictions: Can you sell your <a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options">shares </a>later? </li>
<li>Tax implications: Understand potential capital gains or other liabilities. </li>
</ul>
Action: Work with a legal or financial advisor to evaluate the fine print and avoid surprises. 
<h2 id="6-consider-liquidity-prospects">6. Consider liquidity prospects</h2>
Secondary investments often appeal because of their relatively shorter time to <a href="https://seedblink.com/2025-02-11-investing-in-secondaries-what-should-investors-expect">liquidity</a>, but it’s essential to assess this carefully. 
<ul>
<li>Exit timelines: How close is the company to an IPO or acquisition? </li>
<li>Past secondary activity: Startups with a history of liquidity events are often more investor-friendly and transparent. </li>
</ul>
Action: Look for evidence of a clear path to <a href="https://seedblink.com/2025-02-11-investing-in-secondaries-what-should-investors-expect">liquidity </a>and analyze the startup’s potential for achieving exit milestones. 
<h2 id="red-flags-to-watch-out-for">Red flags to watch out for</h2>
Be cautious of: 
<ul>
<li>Lack of audited financials or incomplete company data. </li>
<li>Overly complex or restrictive deal terms that obscure risks. </li>
</ul>
<h2 id="conclusion-do-your-homework-before-investing">Conclusion: do your homework before investing</h2>
Secondary investments can unlock exciting opportunities, but success depends on your ability to thoroughly evaluate deals. From company performance to share class rights, market context, and liquidity prospects, every step in your due diligence process plays a vital role in mitigating risks and maximizing returns. 
At SeedBlink, we empower investors with the transparency and tools needed to make confident decisions. Explore our platform today to find secondary deals that align with your investment strategy. 
Ready to explore secondary opportunities? Visit <a href="https://tech.seedblink.com/secondaries">SeedBlink’s Secondaries platform</a> to learn more. 
<a href="https://secondaries.seedblink.com/">Explore secondary investment opportunities with SeedBlink</a>.

Investing in secondaries is less speculative than primary rounds—you’re dealing with established companies and tangible performance data. 

How to research a Secondary deal before investing 

Every start of a new year it’s a moment to reflect on the year that passed. For us, it’s already a tradition to pause for a few moments and take a look at the <a href="https://seedblink.com/2024-02-12-big-wins-hard-lessons-for-investors-in-2023">big wins and hard lessons</a> that we can learn from the European venture and startup community.
In this article, we have brought firsthand insights from active European venture investors and founders who have recently navigated the fundraising journey and shared their lessons with us. 
We hope the insights below will inspire you as you write down your strategy for the upcoming months and plan your next steps.
<h2 id="big-wins--hard-lessons-for-investors">Big wins &amp; hard lessons for Investors</h2>
2024 was a year of contrasts in the investment world. <a href="https://nl.linkedin.com/in/atasenkon/nl">Ata Şenkon</a>, Investment Manager at <a href="https://www.rubio.vc/">Rubio Impact Ventures</a>, summed it up:
&quot;In 2024, we witnessed a highly polarized VC funding landscape: on one hand, a select few European startups successfully closed considerable rounds, and on the other, most actually struggled to secure any. 
For us, the highlight was the achievement of our portfolio companies within our most recent fund, which raised in total over €120 million in follow-on financing from external parties. We see this as a clear testament to sustained investor confidence in the value and potential of impact-driven ventures.&quot;
<img src="/img/blog-quote-1920x1080-16_9-ata.png" alt="">
Deeptech investor and Principal at <a href="https://www.cottonwood.vc/">Cottonwood Technology Fund</a>, <a href="https://nl.linkedin.com/in/ytsenvandermeer">Ytsen van der Meer</a>, shared his experience:
&quot;A bit of background on what happened to me in 2024. I moved on from NOM and joined Cottonwood Technology Fund as a Principal. Cottonwood is a pre-seed and seed deep tech hardware VC investing in the US and Europe. The big win for me would be that we are seeing more and more investors who are not shying away from highly complex (deep tech) technologies and investments in hardware. 
On the other side, my biggest lesson is that the fundraising climate out there is still rough, probably even more so for investors trying to raise a fund than for founders trying to get together a round.&quot;
<img src="/img/blog-quote-1920x1080-16_9-ytsen.png" alt="">
<a href="https://three.vc/team/stephanie-manz-varga/">Stephanie Manz-Varga</a> from <a href="https://three.vc/">3VC </a>observed,
&quot;In 2024, the startup world operated with more caution due to the uncertain economy, but one clear win was the rise in AI investments. For me, it wasn’t just about the upward trend—it was inspiring to see investors back technologies with undeniable impact and value. 
A hard lesson this year was navigating the shifting market dynamics, both as investors as well as for startups. It reinforced the importance of patience and staying focused on fundamentals—conviction, diligence, and long-term value. It also highlighted the importance of being a thoughtful partner—offering not just capital but meaningful support to help founders and their teams weather any storm and keep building toward their vision.&quot;
<img src="/img/blog-quote-1920x1080-16_9-stephanie.png" alt="">
<a href="https://be.linkedin.com/in/frederik-stappers">Frederik Stappers</a>, Senior Investment Analyst at <a href="https://aconterra.com/">Aconterra Capital Partners,</a> added another perspective:
__
&quot;A significant win in 2024 was the growing recognition we achieved among founders and investors as leading experts in the building innovation and energy transition markets. Founders contact us not only as a source of capital but also as strategic partners who understand the unique challenges and opportunities inherent to these spaces. 
Similarly, a hard lesson was learning that avoiding the high valuations in the EnergyTech space means closing fewer deals, as we stayed committed to disciplined investment practices.&quot;
<img src="/img/blog-quote-1920x1080-16_9-frederik.png" alt="">
<a href="https://www.11.vc/11-team-member/valeri-petrov/">Valeri Petrov</a>, Partner at <a href="https://www.11.vc/">Eleven Ventures</a>, also shared their wins and lessons with us: 
Big win in 2024: “A significant win in 2024 was the stabilization and normalization of the pre-seed market, particularly in terms of valuation expectations between founders and investors. This created a healthier ecosystem where genuine innovation could thrive without the market noise we saw in previous years.
Additionally, we witnessed increased interest from US and Western European investors in the SEE region, with many establishing local presence through small teams. This validation from mature markets has opened new opportunities for regional startups and strengthened the overall ecosystem.”
Hard lesson: “A challenging lesson in 2024 was adapting to the extended fundraising cycles, particularly in later stages where capital remained scarce. Many companies had to adjust their growth strategies and learn to operate with greater capital efficiency. 
We saw numerous startups having to resort to bridge rounds rather than traditional growth funding. This reinforced the crucial importance of maintaining a longer runway and achieving clear business fundamentals before pursuing fundraising - a shift from the more optimistic market conditions of previous years.”
<img src="/img/blog-quote-1920x1080-16_9-valeri-win.png" alt="">
<h2 id="big-wins--hard-lessons-for-founders">Big wins &amp; hard lessons for Founders</h2>
For founders, 2024 was a year of breakthrough milestones and tough lessons learned in the process of fundraising. 
<a href="https://pl.linkedin.com/in/roszkowski">Bart Roszkowski</a>, Co-CEO of <a href="https://www.proteineresources.com/">Protein Resources</a>, recalled:
&quot;Looking back at 2024, our standout achievement was successfully closing a funding round in August with <a href="https://seedblink.com/2022-06-30-poland-the-home-of-a-thriving-gaming-ecosystem-and-a-strong-startup-community">SMOK Ventures</a> and <a href="https://bitspiration.vc/en/">Bit Spriration Booster VC</a>. It was an extremely challenging market for alt proteins, biotech, and manufacturing—especially given the broader shift in investors’ attention toward AI. But securing that capital was transformative for us: we tripled our production capacity and significantly accelerated our R&amp;D. As a result, we hit a ground-breaking milestone: a true 1:1 beef analog that’s not only cheaper but also nearly 100 times more sustainable than conventional beef.
Without a doubt, fundraising itself was the hardest lesson. While we believed our technology and product were exceptionally strong, the market’s sentiment around alt proteins wasn’t on our side. Cultivated meat and precise fermentation hadn’t yet lived up to their promises, and competing for scarce capital in a market laser-focused on AI was a sobering reminder that even the most promising innovations can face uphill battles.&quot;
<img src="/img/blog-quote-1920x1080-16_9-bart.png" alt="">
<a href="https://www.linkedin.com/in/leszekzawadzki/">Leszek Zawadzki</a>, co-founder and CEO of <a href="https://juo.app/">Juo</a>, shared his experience with finding product-market fit:
__
&quot;In 2024, we fully experienced what it means to find product-market fit. It was our biggest success—without a doubt—but also our greatest challenge. Things before and after product-market fit look dramatically different, mainly in terms of the pace at which things happen. 
Sure, this significantly helped us successfully raise another round of financing, but we also learned how important it is to plan to support a rapidly growing customer base. This is quite a difficult area to predict in terms of costs and time, and we had to quickly learn how to do it right.&quot;
<img src="/img/blog-quote-1920x1080-16_9-bart-1.png" alt="">
<a href="https://www.upnano.com/">UpNano GmbH</a>, co-founded by <a href="https://www.linkedin.com/in/peter-gruber-170926166/">Peter Gruber</a>, <a href="https://www.linkedin.com/in/denise-hirner-931741143?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAACLQk_UBwHGg9JaINvimoeZQPj0q4zZCM38&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3Bpc5nQNTtRou22ttpNRADsw%3D%3D">Denise Hirner</a>, <a href="https://www.linkedin.com/in/aleksandr-ovsianikov-58187712/">Aleksandr Ovsianikov</a>, and <a href="https://www.linkedin.com/in/bernhard-kueenburg-bb6368132?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAACBx5roBJykyVQiRb4RnrhI2EQ70cyhIqPA&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3Bpc5nQNTtRou22ttpNRADsw%3D%3D">Bernhard Küenburg</a>, also shared their story:
&quot;A big win in 2024 was that we closed a 7M euro venture round to speed up market penetration and launch a new product platform in high-resolution 3D printing. 
However, growth was slightly behind expectations due to the global economic situation. Looking ahead to 2025, we expect substantial growth, fueled by both our existing and new technological platform.&quot;
<h2 id="take-your-fundraising-to-the-next-level-in-2025">Take your fundraising to the next level in 2025</h2>
Reflecting on 2024, it’s clear that both investors and founders navigated a year filled with notable wins and hard lessons. From the rise of Artificial intelligence and <a href="https://seedblink.com/2023-10-02-beyond-the-surface-innovation-in-deeptech-with-alberto-cresto-lunar-ventures">DeepTech investments</a> to the challenges of fundraising in an uncertain market, these insights remind us that every setback is an opportunity to learn and grow. 
As you navigate through the economic and political challenges surrounding 2025, let these reflections guide you in building stronger strategies, fostering resilient partnerships, and pushing forward confidently.
If you’re looking to raise capital in 2025, check out <a href="https://tech.seedblink.com/raise-hub">SeedBlink’s Raise Hub</a> - this will help you accelerate the preparation, execution, and management of fundraising within your network. The platform streamlines everything from pitch deck reviews to funding simulations, round execution, stakeholder management, and more so you can focus on what really matters: building your business.

Reflecting on the big wins & hard lessons investors and founders had last year, they shared some insights on fundraising, market challenges, and more. 

Big wins & hard lessons for investors & founders take in 2025

Ilias Sousis, the visionary founder behind WikiFarmer, set out to change that, while addressing some of the biggest challenges in the industry as well. Driven by a mission to connect farmers directly with business buyers, WikiFarmer has grown into a global 360 platform that transforms the agricultural world by educating farmers, enabling producers to sell directly to more buyers, achieving fairer prices, and helping buyers purchase safely in a scalable way. 
Before founding WikiFarmer, Ilias had a notable career at Google, having spent 11 years shaping digital strategies. Under his leadership, WikiFarmer has helped millions of farmers worldwide, providing them with the tools and opportunities needed to grow their businesses. 
In this interview, we explore the journey behind WikiFarmer, the challenges along the way, and the company’s vision for the future. 
1. What inspired you to create WikiFarmer, and what challenges from the agriculture world did you aim to solve in the start?
The inspiration for WikiFarmer came from recognizing two main challenges in agriculture. Firstly, many farmers still use outdated cultivation methods, resulting in lower yields and less sustainable practices. We aimed to address this by offering free, up-to-date content on agricultural best practices. Secondly, farming commerce remains one of the least digitized industries, with multiple intermediaries dominating the value chain. Our goal was to help farmers connect directly with end buyers, allowing them to extract more value from the supply chain, increase their profitability, and thus be able to re-invest on their farms (equipment, technology, people) making the agricultural ecosystem much healthier and economically viable.
2. How does WikiFarmer bridge the gap between small farmers and global buyers?
WikiFarmer bridges the gap between small farmers and global buyers through our B2B marketplace which acts like a full stack B2B procurement assistant for buyers and a sales director for farmers. We enable farmers to sell their products directly to businesses, minimizing intermediaries and helping them achieve better prices. Our platform acts as a purchasing assistant for B2B buyers, offering hassle-free sourcing, online price negotiation, logistics support, and transaction transparency by digitizing every single step of an agricultural commerce transaction with the help of 3rd parties. We also help farmers bridge the gap of financing by assisting them in getting access to capital and working with serious buyers directly. 
3. What sets WikiFarmer apart from the competition? 
What sets WikiFarmer apart is the unique combination of our educational library and marketplace. Our library has been translated into 17 languages and visited by millions of farmers worldwide, which allows us to easily convert them into sellers on our marketplace. This dual approach creates a comprehensive ecosystem that supports farmers from learning to selling, making us a hub for both farmers and their potential buyers. 
4. How does the platform help buyers overcome challenges like climate change and supply chain disruptions?
WikiFarmer helps buyers overcome challenges like climate change and supply chain disruptions by providing access to a wide, global network of suppliers. This diversity allows buyers to mitigate risks associated with logistical issues and crop failures. We also offer flexible credit terms and quality guarantees to help businesses cope with both internal and external threats.
5. What role does WifiFarmer’s digital library play in educating and empowering farmers with knowledge?
WikiFarmer&#39;s digital library plays a crucial role in educating and empowering farmers. It offers over 15,000 original articles in 17 languages, covering everything from the latest scientific advancements to practical farming manuals. This free, open resource helps farmers upgrade their techniques, improve product quality, and adopt more sustainable practices. And more importantly, we now have more than 300 UGC authors (farmers, agronomists, professors) that write their content, giving even more advanced knowledge to the community.
6. How did your platform become known as “the Wikipedia of farming”? 
Our platform became known as &quot;the Wikipedia of farming&quot; due to our extensive, freely accessible knowledge base. The United Nations recognized our library with this moniker, acknowledging its comprehensive coverage of agricultural topics and its availability in multiple languages.
7. Who are your backers and how have they helped you so far?
Our backers include world-class funds, such as Point Nine Capital, with deep expertise in both software and B2B marketplaces. Their contribution was significant as they have a deep view of similar business models that have helped us avoid mistakes and also accelerate our GTM and product strategy, achieving our product market fit. Also, our cap table includes world class angel investors who are well known entrepreneurs and come either from a traditional business background or have founded their own startups. These investors have provided not just financial support but also valuable expertise and networks to help us expand our reach and impact. 
8. What have been the biggest challenges in scaling WikiFarmer across different countries and markets? 
The biggest challenge in scaling WikiFarmer across different countries and markets has been the slow adoption of digital channels in the agrifood business. Buyers are still not fully accustomed to digital platforms, requiring significant resources for training and education on our tools, however, when they test our solution, they become power users, and they rarely leave. I believe that the tipping point will happen in 5 years, where there will be a generational shift and purchase managers will be from 30-45 years old, meaning people that have been using digital tools for all aspects of their lives.
9. What are the next major milestones for WikiFarmer? How do you see the platform evolving in the next years? 
Our next major milestones include becoming the leading platform for agricultural outputs in Europe, adding thousands of buyers to our platform, and becoming the synonym of the Mediterranean produce (The Mediterranean is the biggest agricultural production area in the globe for fruits and vegetables). Thus, we plan to expand into markets where farmers need us most, such as Africa and Latin America.
On the product side, we aim to further develop our technology to automate B2B transactions, minimizing effort and time for buyers and sellers, through the use of AI technologies. 
Revenue wise, we want to cross the 100M GMV mark in the next 2 years and start further monetizing all the 3rd party services that we are aggregating on the platform (logistics, quality, financing). 
<a href="https://investors.seedblink.com/invest/wikifarmer/341">Explore the opportunity on SeedBlink.</a>

An insighful interview with Ilias Sousis, the founder of WikiFarmer

From vision to impact: WikiFarmer, the NASDAQ of agriculture

They typically do not include special rights like liquidation preferences or guaranteed dividends, making them riskier than <a href="https://seedblink.com/2025-02-25-what-types-of-shares-are-best-for-secondaries-investments">preferred shares</a>. However, they can offer substantial upside if the company grows and exits successfully. 
<h2 id="what-to-look-for-when-investing-in-common-shares">What to look for when investing in common shares</h2>
1. Company&#39;s stage and traction 
<ul>
<li>Late-Stage Startups: If the company is close to an IPO or acquisition, <a href="https://seedblink.com/2025-02-25-what-types-of-shares-are-best-for-secondaries-investments">common shares</a> can be an excellent opportunity to participate in upside with less uncertainty. </li>
<li>Early-stage startups: For earlier-stage companies, assess the business&#39;s momentum, such as revenue growth, customer acquisition, and market share. </li>
</ul>
2. Dilution risks 
<ul>
<li>Without anti-dilution protections, common shareholders are vulnerable to value dilution in future funding rounds. Check the company’s financial runway and likelihood of raising more funds. </li>
</ul>
3. Cap table analysis 
<ul>
<li>Understand where common shares rank in the hierarchy. In a liquidation event, preferred shareholders are paid first. If the company&#39;s valuation is modest, common shareholders might receive little or nothing after preferred claims are settled. </li>
</ul>
4. Growth potential 
<ul>
<li>Common shares often represent the most significant upside potential if the company experiences exponential growth or reaches a high valuation at exit. </li>
</ul>
5. Company’s financial health 
<ul>
<li>Ensure the company is on a solid growth trajectory and has a clear pathway to profitability or an exit event. Without these, <a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options">common shares</a> can be riskier than preferred equity. </li>
</ul>
<h2 id="advantages-of-common-shares">Advantages of common shares</h2>
<ul>
<li>Greater upside: In a successful exit, common shareholders benefit proportionally more since they’re not subject to the fixed returns or caps associated with preferred shares. </li>
<li>Lower cost: Common shares are often cheaper to acquire than preferred shares, making them more accessible for retail investors or those seeking a larger equity position. </li>
</ul>
<h2 id="risks-of-common-shares">Risks of common shares</h2>
1. Lower priority in liquidation 
<ul>
<li>If the company faces financial difficulties or a suboptimal exit, common shareholders are paid only after creditors and preferred shareholders. </li>
</ul>
2. No special protections 
<ul>
<li>Common shares don’t come with guarantees like anti-dilution rights or voting power, which could leave you vulnerable in decision-making or future funding rounds. </li>
</ul>
3. Illiquidity 
<ul>
<li>Depending on the company’s structure, common shares may be harder to sell on <a href="https://seedblink.com/2025-02-11-investing-in-secondaries-what-should-investors-expect">secondary markets.</a> </li>
</ul>
<h2 id="when-common-shares-are-a-good-opportunity">When common shares are a good opportunity</h2>
<ul>
<li>High-growth companies: If the company is scaling quickly in a high-potential industry (e.g., fintech, AI, or climate tech) and has a strong leadership team.</li>
<li>Pre-IPO companies: Late-stage startups nearing an IPO or acquisition often provide strong potential for common shareholders, especially if there is no further dilution on the horizon. </li>
<li>Fair valuation: If the <a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options">shares</a> are priced at a discount to the company’s net asset value (NAV) and reflect reasonable growth expectations. </li>
</ul>
Investing in a company with only common shares isn’t necessarily a disadvantage—it depends on the company’s stage, growth potential, and how well the investment aligns with your risk tolerance. While common shares carry higher risks, they also come with the possibility of greater rewards if the company performs exceptionally well. 
At SeedBlink, we provide tools and insights to help you assess opportunities, including those with only common shares. Whether you’re building a <a href="https://seedblink.com/2025-02-06-reset-your-clock-how-startup-investors-build-their-portfolio-with-secondaries">diverse portfolio</a> or targeting high-growth startups, we’re here to support your journey. 
Ready to explore secondary opportunities? Visit<a href="https://tech.seedblink.com/secondaries"> SeedBlink’s Secondaries platform</a> to learn more. 
<a href="https://secondaries.seedblink.com/">Explore secondary investment opportunities with SeedBlink</a>.

Common shares represent basic ownership in a company.

Secondaries investor insights: understanding common shares 

Join us as we celebrate these milestones that continue to demonstrate the innovative spirit and market leadership of our funded companies. 
Arcanna.ai
Arcanna.ai has been selected for the second annual Amazon Web Services (AWS) and CrowdStrike Cybersecurity Startup Accelerator, in collaboration with the NVIDIA Inception program for startups. This prestigious selection places Arcanna.ai among just 36 startups chosen for this exclusive program, which provides access to valuable resources, mentorship, and networking opportunities with industry leaders. 
This recognition further validates Arcanna.ai&#39;s innovative approach to cybersecurity and positions the company for accelerated growth and development in partnership with some of the industry&#39;s most influential organizations.
Bonapp 
In a landmark development for sustainable food solutions, bonapp.eco has merged with Hungarian startup Munch, creating a powerhouse in the fight against food waste across Central and Eastern Europe. This strategic union combines Munch&#39;s operations in Hungary, Czechia, and Slovakia with bonapp.eco&#39;s strong Romanian presence, resulting in a unified platform with impressive reach: over 3.5 million app downloads and partnerships with 6,000 retail locations. 
With nearly 100 dedicated employees, the newly merged entity generated €7.5 million in revenue in 2024, positioning it for even greater impact in sustainable food management throughout the region. <a href="https://therecursive.com/bonapp-and-munch-merge-to-strengthen-food-waste-reduction-efforts-in-central-and-eastern-europe/">Read more</a>.
Brio
Brio has released the first National Report on Numerical Literacy in Romania, in partnership with Asociația pentru Valori în Educație (AVE România) and with support from Apa Nova București. <a href="https://business-review.eu/education/first-national-report-on-numerical-literacy-over-a-third-of-students-are-affected-by-numerical-illiteracy-278490">This study</a> reveals concerning findings: numerical illiteracy affects more than a third (36%) of students across all educational levels, with nearly 16% experiencing significant difficulties. This important research establishes Brio as a leader in educational assessment and positions the company to drive meaningful improvements in Romania&#39;s educational landscape.
.lumen
.lumen continues to gain international recognition for its revolutionary technology designed to enhance mobility for the visually impaired. The company showcased its innovative glasses in a live <a href="https://edition.cnn.com/2025/01/21/business/video/ces-ai-artificial-intelligence-eic-regulations-startups-dotlumen-spc">demonstration on CNN</a> during the CES event in Las Vegas. Founder Cornel Amariei has also shared on his Linkedin that the team is developing new laboratories, suggesting exciting advances on the horizon. Furthermore, the startup is heavily hiring, with open positions for Engineering Project Managers, Computer Vision Engineers, Software (and System) Testers, Electronics Engineers, Hardware Prototyping Engineers, Marketing Specialists and Business Developers. 
Dronamics
Dronamics is making waves in the cargo delivery sector, with Co-Founder &amp; CEO Svilen Rangelov taking the Innovation stage at The Times Group ET NOW Global Business Summit 2025, one of Asia&#39;s foremost business forums, attended by India&#39;s Prime Minister, Shri Narendra Modi. 
In a revealing <a href="https://www.engineerlive.com/content/democratising-cargo-delivery">interview with Engineer Live</a>, the Bulgarian startup detailed its mission to democratize cargo delivery by establishing new trade routes to remote areas. Looking ahead, Dronamics plans to expand into the Middle East through strategic partnerships with companies like Aramex, Qatar Airways Cargo, and Abu Dhabi&#39;s Strategic Development Fund, while also working on their first manufacturing facility for mass production of the Black Swan aircraft.
DRUID AI
DRUID AI hosted an exclusive AI in Healthcare Executive Dinner in Nashville, TN, following the ViVE2025 Conference. Sam Whitten from DRUID led engaging conversations with top healthcare and digital transformation leaders, exploring how DRUID AI agents are already making tangible impacts in hospitals, clinics, and healthcare organizations worldwide.
FLOWX.AI
FLOWX.AI has achieved a significant milestone with the <a href="https://www.bancatransilvania.ro/news/comunicate-de-presa/clientii-bancii-transilvania-se-pot-autentifica-in-sucursale-si-agentii-inclusiv-cu-aplicatia-bt-pay">implementation</a> of their technology at Banca Transilvania, one of Europe&#39;s largest banks. The bank has launched a new customer authentication system powered by FLOWX.AI’s artificial intelligence solutions, providing a seamless and secure experience for users. 
This implementation at a major financial institution demonstrates FLOWX.AI’s growing influence in transforming modern banking through innovative AI solutions that enhance both security and user experience.
KFactory
KFactory has successfully deployed its innovative Industry 4.0 solution at YASA, a wholly owned subsidiary of Mercedes-Benz renowned for its pioneering axial-flux electric motor technology. This swift implementation enhances YASA&#39;s quality department by providing deep insights into machine performance and product quality. By collecting and analyzing complex data, KFactory&#39;s platform reveals critical correlations between various production parameters, empowering YASA&#39;s quality teams to optimize their processes.
As KFactory Co-founder <a href="https://www.linkedin.com/pulse/kfactory-accelerates-digital-transformation-yasas-uk-e-motor-tbpef/?trackingId=vGNgNYyHQgpVDGdRUphlQQ%3D%3D">Vlad Cazan noted</a>, &quot;The manufacturing industry is one of the most undigitalized in the world; however, those with the openness to move to Industry 4.0 and digitalize their factories will gain a significant competitive edge.&quot;
Ondato
Ondato has joined the U.S. National Institute of Standards and Technology (NIST) evaluation of age assurance algorithms, achieving impressive results in this prestigious assessment. The company scored the fifth-lowest mean absolute error (MAE) rate for the application dataset and fourth-lowest MAE for the border dataset.
Ondato also secured <a href="https://www.biometricupdate.com/202502/ondatos-biometric-age-verification-joins-nist-leaderboard">top-five results </a>by false positive rate for the Challenge 25 use case with the border dataset, and by MAE for Age 13-16 in the Child Online Safety use case. 
These outstanding results demonstrate Ondato&#39;s ability to deliver high-accuracy age verification with minimal bias across demographics, positioning the company as a leader in biometric verification technology that helps protect sensitive information, mitigate security risks, and ensure regulatory compliance.
Quarks Interactive
Quarks Interactive has launched <a href="https://store.steampowered.com/app/2802710/Quantum_Odyssey/">Quantum Odyssey on Steam</a>, an innovative game that makes quantum computing accessible to the general public. This groundbreaking title has received acclaim from various publications, with Notebook of a Strategist describing it as &quot;fascinating... breaks my ego and absorbs me at the same time,&quot; and Quantum Technology News highlighting how &quot;simply by playing a game, you will learn about quantum computing without any particular educational background.&quot; 
Quantum Insider added that &quot;Quantum Odyssey isn&#39;t just about having a good time. It&#39;s about teaching — and showing — how the quantum world works.&quot; This successful launch positions Quarks Interactive at the intersection of gaming and quantum education, creating an engaging pathway to understanding complex quantum concepts.
Siscale
Siscale continues to demonstrate its leadership in cybersecurity, with founder Petrica Ruta preparing to attend HumanX 2025 in Las Vegas from March 9-13. This prestigious event brings together leaders in technology and human-centered design, providing Siscale with valuable opportunities to showcase their innovations and forge strategic partnerships in the cybersecurity space.
Swisspod
Swisspod is making headlines as India sets its sights on building the world&#39;s longest hyperloop test track. Denis Tudor, CEO and Co-founder of Swisspod Technologies, highlighted India&#39;s tremendous potential for hyperloop technology, noting that &quot;a 40-kilometre test track would cost $150-300 million upon completion depending on the dimension for the project.&quot; 
This development follows a significant Memorandum of Understanding signed between the Swiss-American company and India&#39;s TuTr in March last year, an agreement endorsed by both Swiss and Indian governments. 
Undelucram.ro
Undelucram.ro, Romania&#39;s largest online employee community, has reported impressive growth with 33 million platform accesses in the past year, according to CEO Costin Tudor. The platform experienced a 21% increase in user engagement, with visitors seeking more in-depth information about employers compared to previous years. 
Additionally, user-generated content including reviews, salary information, and interview feedback grew by 17%. Tudor shared these insights during the Top Angajatori Undelucram.ro 2025 conference, highlighting the platform&#39;s growing influence in Romania&#39;s employment landscape.
Weavy
Weavy has launched Weavy v26, a major release that redefines the developer experience. This significant update streamlines their API by merging the Conversations API into the Apps API, reducing complexity for customers and creating a more intuitive development process. The release includes full React 19 support, improved notification handling, faster performance, and numerous quality improvements that make integration smoother than ever. 
---
We remain committed to fostering trust and transparency by engaging with our funded startups and sharing their latest updates with our community of investors and tech enthusiasts.
If you&#39;re interested in supporting any of our portfolio companies with your network, knowledge, or mentorship, please contact us at <a href="mailto:&#x69;&#x6e;&#x76;&#101;&#x73;&#x74;&#x6f;&#114;&#x73;&#x40;&#x73;&#x65;&#101;&#x64;&#x62;&#108;&#x69;&#110;&#107;&#x2e;&#x63;&#x6f;&#x6d;">&#x69;&#x6e;&#x76;&#101;&#x73;&#x74;&#x6f;&#114;&#x73;&#x40;&#x73;&#x65;&#101;&#x64;&#x62;&#108;&#x69;&#110;&#107;&#x2e;&#x63;&#x6f;&#x6d;</a>.

February has been an exciting month of significant achievements across our portfolio companies, from strategic mergers and international expansion to product launches and prestigious recognition. 

Investor Insight: February 2025 Portfolio Updates

Imagine you&#39;re in a <a href="https://tech.seedblink.com/fundraising-101">fundraising meeting</a> with all eyes on your pitch deck. Your market opportunity slide isn’t just a collection of numbers; it shows investors that your startup&#39;s vision is bold and achievable.
In this article, we&#39;re breaking down TAM, SAM, and SOM to help you understand the full spectrum of your market opportunity. We&#39;ll take you on a journey from the big picture to the nitty-gritty details, starting with TAM, which shows the total revenue opportunity, moving through SAM, the segment you can realistically serve, and finally landing on SOM, the slice of that market you can actually capture.
With practical tips, real-world examples, and actionable strategies, you&#39;ll learn how to translate these numbers into a compelling story for your pitch deck.
<h2 id="breaking-down-tam-sam--som">Breaking down TAM, SAM &amp; SOM</h2>
When planning your company strategy, you first need to know exactly where your product or service stands in the market. You want to understand the full range of potential customers and the realistic segments you can target and eventually win over. 
This kind of market insight helps you set clear, achievable goals and communicate your vision effectively to investors, partners, or team members.
<img src="/img/visual-1920x1080-16_9-tam-sam-som-articol.png" alt="">
In essence, companies break down the market into three layers:
<ul>
<li>The broadest potential market</li>
<li>The slice they can realistically reach</li>
<li>The share they expect to capture.</li>
</ul>
What is Total Addressable Market - TAM? 
Total Addressable Market (TAM) is basically the total revenue opportunity available if you could capture 100% of the market for your product or service. In other words, it&#39;s a way to measure the full market demand for your offering.
Imagine you&#39;re launching a new product. Your TAM is the total amount of money potential users would spend on a product like yours if every single person who could use it did. This figure helps you understand the size of the opportunity, plan business strategies, and <a href="https://tech.seedblink.com/raise-hub">attract investors</a>.
What is Serviceable Available Market - SAM? 
SAM stands for Serviceable Available Market. It’s the slice of the Total Addressable Market you can target with your products or services. In other words, while TAM represents the full market potential, SAM narrows that down to the customers you can reach, given your business model, geographic focus, and other practical limitations.
For example, if you&#39;re launching a new product that is only available in the UK, your TAM might include all users in Europe, but your SAM would just be those users in the UK. Understanding your SAM helps you focus your marketing and sales efforts on the segment of the market that’s truly within reach.
What is Serviceable Obtainable Market - SOM? 
Think of it this way: if TAM is the total market for your product and SAM is the part you can realistically reach, SOM is the slice of that market you can actually capture. It considers things like your current resources, competition, and how well you can deliver your product or service.
For example, if you&#39;re launching a new product in Europe, your TAM might include all smartphone users, and your SAM could be the tech-savvy crowd in certain regions. But your SOM is the number of users you realistically expect to get based on your marketing, budget, and competition.
In short, SOM helps you set more practical goals by identifying the part of the market that is really up for grabs.
<h2 id="how-do-you-calculate-your-tam-sam--som">How do you calculate your TAM, SAM &amp; SOM?</h2>
Calculating your TAM, SAM, and SOM is all about narrowing down your market potential from the total available opportunity to the slice you can realistically capture. 
It helps you understand the full revenue possibility, refine your focus on the customers you can serve, and finally set practical targets based on your resources and competition.
How to Calculate TAM
There are three main approaches to calculating TAM, plus one additional method. 
<ul>
<li>The top-down approach takes a broad, macro view by examining high-level economic factors. </li>
<li>The bottom-up method focuses on a small, localized sample and then scales those results to estimate the entire market opportunity. </li>
<li>The value theory approach looks at the unique benefits—or positive externalities—that your offering provides compared to what&#39;s already available.</li>
</ul>
The top-down approach typically involves looking at industry reports, government statistics, or other high-level data to estimate the overall market potential. For instance, you might begin with the total revenue of an entire industry and then determine what percentage of that revenue might be relevant to your product or service. This gives you a big-picture view that can be helpful in the early stages of planning.
Here is an example of how TAM calculates for WeWork to help you better understand what this looks like in a real-life company. 
<img src="/img/screenshot-2025-02-25-155959.png" alt="">
Source: <a href="https://www.toptal.com/finance/market-sizing/total-addressable-market-example">TAM, SAM, SOM Methodology - Toptal </a>
One of the major benefits of the top-down approach is its simplicity and ease of access since a lot of the necessary data is already available from public sources. 
The bottom-up method takes a more granular approach by starting with data from a small, localized area or a specific customer segment and then scaling those numbers to estimate the broader market opportunity.
<img src="/img/screenshot-2025-02-25-160207.png" alt="">
Source: <a href="https://www.linkedin.com/posts/sahilsr_market-sizing-guide-activity-7295703447725572096-Pxw1/?utm_source=share&amp;utm_medium=member_android&amp;rcm=ACoAABHfqEAB3oulvfT4m3NvRIECzPqqcByNUX8">Market Sizing Guide - Halem Capital</a>
This approach typically involves calculating the number of potential customers in a defined area, multiplying that by the average revenue per customer, and then extrapolating that figure to a larger geographic or demographic segment. It’s all about gathering concrete, on-the-ground data and building up your market size from real-world insights rather than broad industry estimates.
One major strength of the bottom-up method is its accuracy in <a href="https://www.inc.com/jeff-haden/bottom-up-or-top-down-market-analysis-which-should-you-use.html">reflecting actual consumer behavior</a> and market conditions.
The value theory approach focuses on the benefits your product or service offers compared to existing options. Instead of counting potential customers or revenue, this method zeroes in on the extra value, like improved convenience, better quality, or innovative features that make your offering stand out. 
<iframe width="560" height="315" src="https://www.youtube.com/embed/K_w9r88xUPk?si=2OIsTCOiuMoc1tpg" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

How to Calculate SAM
Calculating SAM continues the bottom-up approach used to calculate TAM. Here is what you need to know: To calculate SAM, start with your TAM, which represents the total revenue opportunity if 100% of the market uses your product. Then, refine it by identifying the specific customer segments you can realistically serve, considering factors like geography, industry focus, and distribution constraints.
<ul>
<li>Use a top-down approach by applying market share estimates (e.g., if the TAM is $10B and your target segment accounts for 30%, then SAM = $3B). </li>
<li>Validate this with a bottom-up approach by estimating the number of potential customers and multiplying by the average revenue per customer (e.g., if there are 1 million potential customers each spending $3,000 annually, the SAM is $3B).</li>
<li>Cross-check both methods to ensure consistency, adjusting for market accessibility and competition to get a realistic SAM estimate.</li>
</ul>
How to Calculate SOM
To calculate SOM, start with your SAM and estimate your achievable market share based on brand strength, sales capacity, and the competitive landscape.
A top-down approach applies a realistic percentage to the SAM (e.g., if your SAM is $3B and you expect to capture 5%, then SOM = $150M). 
A bottom-up approach estimates the number of customers you can reach (e.g., if your company can acquire 50,000 customers at an average annual revenue of $3,000, then SOM = $150M).
<h2 id="how-to-present-tam-sam--som-in-a-pitch-deck">How to present TAM, SAM &amp; SOM in a pitch deck</h2>
When pitching to investors, your market opportunity slide is a make-or-break component. Investors focus on your team and the size of your market, and a clear breakdown of TAM, SAM, and SOM shows that you’ve done your homework. If you want to understand these terms <a href="https://thevcfactory.com/tam-sam-som/">from an investor’s point of view</a>, we recommend that you read the tips and tricks that Aram Attar from The VC Factory recommends.
Additionally, here’s a visual example of how you can structure these slides in your pitch deck and some recommendations if you want to dedicate a slide for each.
<img src="/img/screenshot-2025-02-25-160837.png" alt="">
Source: <a href="https://waveup.com/blog/tam-sam-som/">Calculating market size: From TAM to SOM - waveup</a>
Slide 1: Total Addressable Market (TAM)
<ul>
<li>Define the complete revenue opportunity available if every potential customer bought your product.</li>
<li>Use high-level industry data and trusted sources to back your numbers.</li>
<li>Highlight your long-term vision and scalability.</li>
</ul>
Slide 2: Serviceable Available Market (SAM)
<ul>
<li>Narrow the focus to the specific market segment that aligns with your business model and geographic reach.</li>
<li>Show that you have unique market insights that differentiate you from competitors.</li>
<li>Support your claims with targeted research, customer surveys, or industry reports.</li>
</ul>
Slide 3: Serviceable Obtainable Market (SOM)
<ul>
<li>Present the realistic market share you expect to capture within 3 to 5 years based on your go-to-market strategy.</li>
<li>Outline key tactics such as direct sales, partnerships, or other channels.</li>
<li>Include revenue projections and initial milestones to demonstrate your execution plan.</li>
</ul>
Tips &amp; tricks for a perfect market sizing pitch deck
<ul>
<li>Keep it visual: Use charts, funnel diagrams, or infographics to illustrate how you transition from TAM to SAM to SOM. Visuals help investors quickly grasp complex data without getting bogged down by text.</li>
<li>Tailor your SAM to your niche: Show that you understand your market by narrowing your TAM to a well-defined segment that matches your business model and geographic reach. Investors want to see unique insights that give you a competitive edge.</li>
<li>Detail your go-to-market strategy in your SOM: Clearly outline how you plan to capture your target market over the next 3 to 5 years, including key milestones and revenue projections. A realistic SOM shows that you have a practical roadmap for growth.</li>
<li>Benchmark against your competitors: Show how your approach stacks up against competitors or why your target market segment is currently underserved. This comparison can help validate your projections and highlight your competitive edge.</li>
<li>Get feedback: Before finalizing your slides, share them with mentors, industry experts, or trusted advisors. Their insights can help you refine your analysis, catch potential errors, and ensure that your presentation is both compelling and realistic. </li>
</ul>
<h2 id="tools--resources-to-help-you-calculate-market-size">Tools &amp; resources to help you calculate market size</h2>
There are several public resources available that can help you gather the numbers you need to size up your market accurately. These sources offer a mix of global economic indicators, demographic details, and industry-specific trends that can be tailored to your market focus. 
Whether targeting a regional audience or thinking globally, these resources can provide a strong foundation for your TAM analysis.
<ul>
<li><a href="https://data.worldbank.org/">World Bank Open Data:</a> This platform provides global economic indicators, country profiles, and demographic data. It’s especially useful if you&#39;re looking to understand international markets or compare economic trends across countries. </li>
<li><a href="https://www.oecd.org/en/data.html">OECD Data</a>: The Organisation for Economic Co-operation and Development offers economic and social statistics for member countries. This resource compares market trends and consumer behaviors across developed economies.</li>
<li><a href="https://www.cia.gov/the-world-factbook/">CIA World Factbook</a>: Delivers detailed information on the demographics, economic conditions, and political environments of nearly every country. This resource can offer unique insights into regional market conditions and help refine your TAM calculations globally.</li>
<li><a href="https://ec.europa.eu/eurostat">Eurostat</a>: As the statistical office of the European Union, Eurostat offers detailed data on demographics, economic performance, and industry-specific trends within Europe. It’s a great resource if you&#39;re considering the European market or planning a global expansion.</li>
</ul>
<h2 id="tools-to-help-you-review-your-pitch-deck">Tools to help you review your pitch deck</h2>
Ready to strengthen your pitch? Get a detailed analysis of your deck, complete with specific recommendations for each slide. Our personalized feedback will help you present your startup in the best light possible. 
<a href="https://tech.seedblink.com/pitch-deck-review">Try it free today.</a>

Learn the importance of TAM, SAM, and SOM and how to effectively calculate and present these market metrics in pitch decks to attract investors.

Pitch perfect: How to present TAM, SAM & SOM to win over your investors

As 2024 drew to a close, the venture capital landscape reflected a notable slowdown in new fund announcements. Despite these headwinds, some European funds managed to secure fresh capital, targeting early-stage and sector-specific opportunities, providing hope for startups seeking investment as they prepare to pitch for funding in the coming year. 
Below, we highlight some of the most significant VC funds raised in Q4 2024.
<h2 id="new-funds-by-european-vcs-raised-in-q4">New funds by European VCs raised in Q4</h2>
Berlin-based <a href="https://techcrunch.com/2024/12/06/fly-ventures-sets-its-eyes-on-technical-founders-with-a-fresh-e80m-fund/">Fly Ventures announced an €80M fund</a> in December, focusing on supporting technical founders building software-driven startups. The fund will primarily target early-stage investments, emphasizing Fly Ventures’ commitment to identifying and nurturing deep-tech talent in Europe.
Additionally, Poland&#39;s PFR Ventures has <a href="https://therecursive.com/poland-s-pfr-ventures-makes-new-e63-million-investment-in-5-vc-funds/">announced a new €63M investment</a> across five venture capital funds. These investments are designed to support early-stage startups across Poland and Central Europe, with a particular focus on sectors such as technology, sustainability, and innovation. 
The funds, backed by PFR Ventures, aim to provide strategic capital to promising startups and foster regional growth and innovation ecosystems. Startups raising Seed and Series A rounds will likely benefit from this new injection of funds, and the targeted investment tickets are expected to vary by fund mandate.
We’ve also seen <a href="https://therecursive.com/poland-s-pfr-ventures-makes-new-e63-million-investment-in-5-vc-funds/">Fifth Quarter Ventures</a> (5QV)<a href="https://therecursive.com/12-cee-vcs-ready-to-invest-with-fresh-capital/"> launch an €18.4M fund</a> announced in October 2024. The fund targets investment tickets between €0.5M and €1M and has already added companies like Better, Orgnostic, and Wasp to its portfolio. 
European solo <a href="https://techcrunch.com/2024/12/19/european-solo-gp-robin-capital-closes-first-fund-with-e15m-to-play-with/">GP Robin Capital also made headlines</a> with the first close of its €15M fund in December 2024. The fund, managed by a solo general partner, will focus on early-stage startups and aims to provide personalized support to its portfolio companies. 
<h2 id="new-first-time-european-venture-funds-in-2024">New first-time European venture funds in 2024</h2>
Although the number of first-time venture capital funds in Europe has decreased steadily over the past three years, going from 66 in 2022 to just 34 in 2024, we have some new funds compared to last year, signaling resilience and a focused interest in early-stage investments and targeted innovation support.
<img src="/img/screenshot-2025-02-20-110729.png" alt="">
Source: <a href="https://sifted.eu/articles/new-european-vc-funds-2024">All the new first-time European VC funds of 2024</a>
<a href="https://sifted.eu/articles/new-european-vc-funds-2024">According to Sifted</a>, these funds, categorized into the SEE, DACH, and Benelux regions, continue to drive opportunities in specific niches and underserved markets despite the overall downward trend.
New VC Funds in SEE
The Southeastern European region welcomed several new players with a focus on diverse areas such as impact innovation and tech infrastructure.
<ul>
<li><a href="https://evercurious.vc/">Evercurious VC </a>(Athens): The Greek fund launched with €12.5M closed and targets €20M. It focuses on Greek startups expanding internationally and European startups entering Greece, with pre-seed and seed investments supported by the Hellenic Development Investment Bank and local angel investors.</li>
<li><a href="https://zaka.vc/">Zaka </a>(Prague): Originating from a family office, Zaka closed €10.5M and aims for a €15M target. The fund will support 40–50 companies in B2B software, writing tickets between €250K–€300K for pre-seed and seed-stage startups.</li>
</ul>
New VC Funds in DACH
The DACH region saw a surge in first-time funds focusing on emerging technologies and deep specialization.
<ul>
<li><a href="https://www.cmont.com/en">Capmont Technology</a> (Munich): Marking its debut with €100M, Capmont invests in B2B tech startups across Europe. The fund targets late-seed to Series B rounds, writing tickets between €2M–€5M into startups innovating in industrial and enterprise SaaS.</li>
<li><a href="http://Identity.vc">Identity.vc</a> (Berlin): With €15M closed and a €50M target, Identity.vc specializes in LGBTQ+-led startups. As the first of its kind in Europe, the fund focuses on supporting underrepresented leadership, with tickets ranging from €250K to € 1.5M.</li>
<li><a href="https://www.14peaks.capital/">14Peaks Capital</a> (Switzerland): Founded by Edoardo Ermotti, this $30M fund invests in B2B SaaS startups in fintech and the future of work across Europe and the US.</li>
<li><a href="https://booom.vc/">Booom </a>(Berlin): Solo GP Felix Plapperer closed €17M for Booom&#39;s first fund. The fund, which is focused on B2B SaaS startups at pre-seed and seed stages, features notable LPs, including the founders of logistics unicorn sennder.</li>
</ul>
New VC Funds in Benelux
Benelux continues to strengthen its innovation ecosystem with the addition of niche-focused funds.
<ul>
<li><a href="https://www.impactshakers.com/">Impact Shakers</a> (Belgium): A €5M fund targeting €20M, Impact Shakers supports diverse founders in climate and inclusion tech. Operating as an incubator and accelerator, it commits up to €1.5M per startup for follow-on rounds.</li>
<li><a href="https://www.dutchoperatorfund.nl/">Dutch Operator Fund</a> (Amsterdam): Backed by local entrepreneurs, this €2M fund invests in early-stage Dutch startups with ticket sizes ranging from €75K–€200K.</li>
</ul>
<h2 id="the-largest-venture-fundraisings-in-2024">The largest venture fundraisings in 2024</h2>
In 2024, the European venture capital ecosystem continued to show significant polarization, <a href="https://sifted.eu/articles/10-largest-europe-vc-funds-2024">according to Sifted</a>. The biggest funds grew even larger, while smaller, lesser-known players faced mounting challenges in securing capital.
Below, we highlight some of the largest venture fundraisings of the year from the DACH and BENELUX regions.
<ul>
<li><a href="https://forbion.com/en/">Forbion </a>(Germany): With offices in Germany, the Netherlands, and the US, Forbion raised over €2 billion across its two newest funds, Forbion Growth Opportunities III and Forbion Ventures VII.</li>
<li><a href="https://www.innovationindustries.com/">Innovation Industries</a> (The Netherlands): The fund specializes in DeepTech, raised €500M for its third namesake fund and an additional €100M for its strategic partners&#39; fund. Investments will target robotics, photonics, and AI, with ticket sizes ranging from €2M to € 50M.</li>
<li><a href="https://www.speedinvest.com/">Speedinvest </a>(Austria): Speedinvest closed its fourth fund early in 2024 at €350M. The fund focuses on early-stage investments in DeepTech, health, and SaaS startups.</li>
</ul>
<h2 id="find-the-right-investor-and-financing-vehicle-for-your-round">Find the right investor and financing vehicle for your round</h2>
If you want to connect with these investors or learn about other active investors in the region, visit the <a href="https://tech.seedblink.com/vc-network">European VC Network list</a>, which includes venture capital funds from SEE, DACH, Benelux, and other regions.

Discover the latest European VC funds raised in Q4 2024, along with the biggest venture fundraisings of the year across SEE, DACH, and Benelux. Find out who you should pitch if you match their investment criteria and learn how these funds shape the venture capital landscape.

European VCs with new funds raised in Q4 2024

Over the past decade, the European startup funding ecosystem has transformed, growing in scale and sophistication. Total <a href="https://www.stateofeuropeantech.com/chapters/executive-summary">investment in European startups</a> has grown tenfold, reaching $426B from 2015 to 2024, compared to just $43B between 2005 and 2014. 
<a href="https://www.stateofeuropeantech.com/chapters/executive-summary">According to Atomico</a>, one of the largest European venture funds, European founders are demonstrating a clear shift in mindset. They prioritize global impact, environmental sustainability, and legacy-building alongside financial growth. These elements together highlight the importance of having the right funding strategy to support startups at various stages of growth.
In this article, we’ll delve into the funding opportunities and challenges faced by European startups, from navigating fragmented markets and geographic biases to leveraging key funding sources.
<h2 id="types-of-funding-available-for-european-startups">Types of funding available for European Startups</h2>
As a founder, you can explore several paths depending on the business model, growth stage, and funding needs. 
Whether raising early-stage investments from angel investors, exploring equity crowdfunding, or securing growth capital from venture funds, aligning funding sources with your company’s growth stage is something that most founders have on their target. This sounds familiar, right? 
<img src="/img/screenshot-2025-02-20-103329.png" alt="">
Source: <a href="https://www.linkedin.com/posts/majdalaily_1-of-ventures-get-vc-funding-discover-activity-7294694101365526528-P24t/?utm_source=share&amp;utm_medium=member_android&amp;rcm=ACoAABHfqEAB3oulvfT4m3NvRIECzPqqcByNUX8">8 ways to find funding for your company by Maj Alaily</a>
Each funding path comes with opportunities and challenges, from equity dilution to regulatory hurdles, making founders aware of the options but signaling the need to evaluate them carefully. 
Despite recent global challenges, such as market corrections and economic uncertainty, Europe remains a vibrant hub for innovation. For the first time since 2015, 11 new ecosystems are producing billion-dollar companies.
Below, we break down some key funding categories and what you need to know about each one to raise funds for your company today successfully.
<h2 id="types-of-funding-sources-available-for-european-startups">Types of funding sources available for European startups</h2>
Angel investors 
Angel investors invest their wealth in startups, typically in the early stages. A round raised from angels typically ranges from €10,000 to €100,000 per investor. However, if you are <a href="https://tech.seedblink.com/syndicate-investment-platforms">raising through a syndicate</a>, you can raise to €500,000 or more. 
A syndicate is a group of angel investors who pool their resources to invest collectively in a startup. Syndicates are usually organized by a lead investor who identifies the opportunity, negotiates terms, and manages the relationship with the startup on behalf of the group.
This funding source offers you faster and more flexible access to capital and valuable mentorship, networks, and industry expertise. Angels are ideal for bridging the gap between bootstrapping and larger funding rounds. 
Want to learn more about angel investing? Check out <a href="https://seedblink.com/2024-10-21-angel-investment-explained-a-practical-guide-for-founders">this practical guide for founders</a>, which covers securing angel investments and making the most of your funding opportunity in the early stages.
Venture capital
Venture capital firms provide significant funding to high-growth startups, particularly in later stages. Initial investments often range from €1M to tens of millions in Series A, B, and beyond. VCs provide funding and strategic resources such as operational support, hiring expertise, and network access.
However, VC funding can be a lengthy and complex process. It requires months of due diligence and negotiation, with founders often giving up board seats and significant equity. VCs generally seek scalable startups with strong market potential and expect substantial returns, often 10x within 5-7 years.
Crowdfunding 
Crowdfunding enables startups to raise funds by attracting small contributions from a large pool of supporters through dedicated online platforms. Equity crowdfunding offers investors shares in the business, similar to angel or VC funding, but without the lengthy due diligence. 
Campaigns typically raise between €50,000 and €2M. Crowdfunding&#39;s biggest advantage is that it also builds a loyal customer base. However, managing many investors and fulfilling campaign promises can be challenging.
Looking for the best crowdfunding platforms in Europe? Check out our dedicated <a href="https://docs.google.com/document/d/15SSXrFIPcme15vVsFKftCTZSJj5K1ukvWdVPQhzYWGQ/edit?tab=t.0#heading=h.5l7257ez4uqd">guide focused on the top equity crowdfunding platforms</a> for tech startups, their features, and funding options tailored to startups and investors.
Accelerators and startup programs
Accelerators combine funding with mentorship, connections, and resources, making them ideal for startups in the early stages of scaling. Global programs like Techstars or Y Combinator, or local ones such as <a href="https://seedblink.com/2024-12-19-top-10-accelerators-and-startup-programs-in-germany">SpielFrabrique or Hubraum from Germany</a>, or <a href="https://seedblink.com/2025-01-20-top-accelerators-and-startup-programs-in-romania">Innovation Labs from Romania</a> often provide investment and expert guidance to help startups prepare for future fundraising rounds.
Startup competitions also offer valuable opportunities to pitch your idea, gain visibility, and win prize money or resources. <a href="https://seedblink.com/2024-12-02-founder%E2%80%99s-agenda-your-list-of-top-european-startup-events-for-2025">Tech events with startup competitions</a> included allowing founders to connect with investors and validate their ideas in a competitive environment. While these programs require significant effort and preparation, they often lead to long-term partnerships and growth opportunities.
Government grants and European funding 
A significant advantage of building a startup in Europe is access to government and EU-wide grant programs. The European Union offers various funding instruments, including:
<ul>
<li><a href="https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en">Horizon Europe</a>: The EU&#39;s flagship funding program for research and innovation</li>
<li><a href="https://eic.ec.europa.eu/index_en">European Innovation Council (EIC):</a> Providing funding and support for breakthrough technologies</li>
<li><a href="https://ec.europa.eu/regional_policy/funding/erdf_en">Regional Development Funds</a>: Supporting startups in specific European regions</li>
<li>National Grant Programs: Country-specific funding opportunities</li>
</ul>
Unlike raising money from angel investors, venture funds, or equity crowdfunding platforms, grants often don&#39;t require equity in exchange for funding. This is one reason why founders prefer to seek grants and retain their <a href="https://seedblink.com/2024-06-19-building-a-culture-of-ownership-discovering-the-types-of-esops">company ownership</a> for longer. While application processes can be complex, the non-dilutive nature of grant funding makes it worth exploring alongside other funding sources.
<h2 id="fundraising-challenges-founders-face-in-europe">Fundraising challenges founders face in Europe</h2>
Despite its growth and opportunities, the European startup funding ecosystem presents unique challenges for founders. 
Market fragmentation 
One of the biggest challenges founders face in scaling their startups is market fragmentation, which comes from the continent&#39;s diverse regulations, currencies, and market dynamics.
<img src="/img/screenshot-2025-02-20-104156.png" alt="">
Source: <a href="https://www.stateofeuropeantech.com/chapters/executive-summary">Keys to unlock Europe’s potential - State of European Tech 2024</a>
Unlike the U.S., which operates as a single, unified market, <a href="https://sifted.eu/articles/eu-startup-regulation-2025">Europe’s regulatory environment </a>varies significantly across countries, making it difficult for startups to scale seamlessly. Initiatives like the proposed &quot;28th Regime&quot; or <a href="https://www.eu-inc.org/">EU Inc.</a> aim to address these issues by creating a unified legal framework, which could simplify operations across borders and make Europe a more cohesive market for startups.
Geographic bias
Geographic bias is another challenge founders face when raising funds. While tech hubs like London, Berlin, and Paris attract the lion&#39;s share of attention and capital, startups in smaller or emerging ecosystems often struggle to access funding. This bias reinforces regional inequalities and limits innovation outside these key cities. 
Additionally, founders in underfunded regions use alternative funding sources, such as crowdfunding and grants, to enter competitive markets.
Diversity and inclusion
Another systemic issue is the lack of diversity and inclusion in funding. Investment in women-led and co-founded startups in Europe has seen significant progress, reflecting a growing focus on diversity in funding. In 2023, women-led startups <a href="https://www.europeanwomenvc.org/resources/european-women-in-vc-report-2024">raised more than double the VC funding </a>they received in 2020. However, despite this growth, the overall share of funding going to women-led or co-founded startups remains relatively low compared to their male counterparts. The investment landscape is improving steadily, driven in part by increased attention to gender equity in funding, but much work remains to bridge the gap fully. 
<h2 id="europe-vs-us---market-differences">Europe vs US - market differences</h2>
Many European startups are drawn to the U.S. market due to its unified regulatory environment, larger pools of venture capital, and a well-established culture of risk-taking and innovation. In contrast to Europe&#39;s fragmented markets, the U.S. offers a single currency, fewer regulatory barriers, and easier access to significant growth capital, especially for late-stage startups. 
Additionally, U.S. investors are often more willing to take bold bets on emerging technologies, which can attract founders looking for rapid scaling opportunities. The <a href="https://blog.g2vp.com/us-vs-europe-comparing-two-startup-ecosystems-4a916a9ee0aa">U.S. venture industry is also larger</a>, with assets under management totaling $270B, compared to Europe&#39;s $44B. The difference allows U.S.-based startups to access more substantial funding from inception and secure larger investment rounds as they grow.
Historically, U.S. venture funds have outperformed their European counterparts over extended periods, benefiting from a more mature market and a robust exit environment. However, in the short term, this trend has shifted. Over a one-year horizon, European VC funds reported an internal rate of return (IRR) of -1.6%, <a href="https://pitchbook.com/news/articles/how-do-us-european-vc-returns-compare">according to Pitchbook</a>, compared to -4.9% for U.S. funds. This recent outperformance by Europe is attributed to several factors, including differences in exit multiples and valuation adjustments.
<img src="/img/screenshot-2025-02-20-104628.png" alt="">
Source: <a href="https://pitchbook.com/news/articles/how-do-us-european-vc-returns-compare">How do US, European VC returns compare? By Pitchbook</a>
European founders are also showing signs of changing preference in staying home rather than moving to the US, where they started to have a strong sense of confidence in the continent&#39;s startup ecosystem, as reflected in survey responses. 
More than 50% of founders <a href="https://www.stateofeuropeantech.com/chapters/talent#attractive-to-build">surveyed by Atomico</a> in December 2024 that if they were to start over, they would choose to stay in their current location within Europe. This reflects the growing maturity of Europe&#39;s tech hubs and the strong local support systems, talent availability, and funding opportunities that have emerged in recent years.
<img src="/img/screenshot-2025-02-20-104815.png" alt="">
Source: <a href="https://www.stateofeuropeantech.com/chapters/executive-summary">Europe is attractive, but the US is on the horizon - State of European Tech 2024</a>
Lastly, Europe has consistently outpaced the United States in the number of founders starting companies annually, reflecting the growing appeal of tech entrepreneurship across the continent. By 2024, Europe identified over 16,000 unique founders, a figure on par with 2015 levels and continuing to grow.
<img src="/img/screenshot-2025-02-20-105005.png" alt="">
Source: <a href="https://www.stateofeuropeantech.com/chapters/executive-summary">Europe has more founders starting companies than the US - State of European Tech 2024</a>
<h2 id="resources-for-your-next-fundraising-campaign">Resources for your next fundraising campaign</h2>
To dive deeper into fundraising strategies, explore these resources:
<ul>
<li><a href="https://tech.seedblink.com/fundraising-101#sources-of-fundraising">Fundraising 101 by SeedBlink</a>: A guide designed to help founders how to access funding resources available for European startups and what are some of the most successful strategies they can use.</li>
<li><a href="https://tech.seedblink.com/vc-network">VC Network by SeedBlink:</a> Our curated list of European venture capital funds helps you find the right investors and match your fundraising with their investment thesis.</li>
</ul>
<h2 id="take-your-fundraising-to-the-next-level-with-seedblink">Take your fundraising to the next level with SeedBlink</h2>
Accelerate the preparation, execution, and management of fundraising with SeedBlink’s suite of tools, investment infrastructure, and services. <a href="https://tech.seedblink.com/raise-hub">Get started free today.</a>
<img src="/img/screenshot-2025-02-20-105302.png" alt="Fundraise with SeedBlink">

A practical guide for founders to navigate Europe’s funding landscape, explore options, and secure startup investment.

How to get funding as a European startup: A founder's guide

Today, we&#39;re delving into <a href="https://quicklegal.ro/en/">QuickLegal</a>, an end-to-end AI-powered platform revolutionizing the debt recovery process. Backed by prominent entities like EIT Digital and Bravva Angels, QuickLegal has been recognized as the Best Legal Tech Platform in Romania in 2024 and ranks among the top 3 EU startups funded by EIT Digital within the Open Innovation Factory Program. 
QuickLegal simplifies and automates the debt recovery process from invoice extraction and legal notices to court claims, ensuring efficiency and compliance.
The QuickLegal team is spearheaded by CEO Iulia Andritoiu, a lawyer with more than ten years of experience, a background at UiPath, and education in the US. Joining her is CMO Bianca Florea, a lawyer qualified in France and Romania with experience at top law firms and Government, and academic credentials from Sciences Po and Sorbonne. COO Luminita Busuricu brings her expertise as a litigation expert to oversee operations, while CTO Cristian Talle, a serial tech entrepreneur with over 20 years in the industry, leads technological development. Together, this team combines deep legal and tech expertise to drive QuickLegal&#39;s mission forward.
1. What inspired the creation of QuickLegal, and how do your diverse backgrounds support its mission?
QuickLegal was born to solve a real problem: 9 in 10 companies are paid late, and 73% find debt recovery too expensive. Businesses, especially small ones, struggle to claim what they’re owed.
Our founders come from law, tech, and business, with experience in major law firms, top universities, leading corporations, and successful startups. They understand both the legal challenges and the need for scalable, efficient solutions.
Supported by advisors on business matters, we’ve built QuickLegal to be more than a legal tool, it’s a way for businesses to protect their cash flow and stay in control.
2. Can you describe the core technologies powering QuickLegal’s platform? How do they integrate to provide a seamless debt recovery process?
QuickLegal automates the entire process of the collection - from the first notice to the court claim. 
Using AI, it extracts data from invoices, contracts, and unstructured documents, allowing companies to create customized automated collection workflows. Businesses can streamline their recovery efforts while ensuring compliance and increasing success rates through lawyer support (over 160 lawyers available to assist). 
The platform also includes advanced analytics, in-mailing features, a legal and translation marketplace, a virtual office for lawyers with a unique matchmaking algorithm, and a legal chatbot that provides instant legal answers to basic questions. 
3. What impact does QuickLegal have on its clients’ operations and efficiency?
QuickLegal helps businesses recover debts quickly and cost-effectively. Our customers reported an 80% increase in their recovery rates within the first weeks of using QuickLegal platform, successfully reclaiming unpaid invoices with minimum effort. Our platform protects business relationships by offering a professional, non-aggressive approach. Clients can settle disputes while maintaining trust. By automating legal processes, we reduce administrative costs and time spent on manual tasks.
Moreover, as an integrated legal platform, QuickLegal provides seamless access to 160+ lawyers, legal translations, and other legal services. This means businesses operate more efficiently, with faster resolutions, lower costs, and 24/7 legal support.
4. How have partnerships with entities like EIT Digital, Station F, and Vodafone propelled QuickLegal&#39;s growth and market penetration?
Our strong network of partners is key to our expansion, helping us reach more clients and explore new business opportunities. 
For example, both Vodafone and EIT Digital support us in developing our innovative product with technology and financial resources but also contribute to our growth by providing connections that help us scale faster and more efficiently.
In addition to that, Station F has been critical for our international scaling. With France facing similar debt recovery challenges as Romania, it’s the ideal market for us to enter. The Station F ecosystem provides access to all the resources we need to scale effectively.
We already have a large network of partners, and we’re focused on developing more strategic partnerships to continue driving our business growth.
5. What have been the biggest challenges in developing and scaling QuickLegal’s technology? How does QuickLegal handle regulatory and compliance challenges across different jurisdictions?
One of the main challenges has been the low level of digitalization among Romanian companies, especially as we’re developing a highly innovative product. Overcoming this gap required significant effort in educating the market and building trust. 
In terms of regulatory challenges, we place a great emphasis on compliance with standards such as those regulating the legal profession, AI Act, and GDPR, leveraging our legal background to ensure everything is fully aligned. We prioritize expanding first into jurisdictions with similar regulatory landscapes such as France, allowing us to scale more effectively and avoid complications.
6. Could you share a case study or success story where QuickLegal significantly impacted a client&#39;s debt recovery process?
One of our success stories comes from a client in the transportation industry who was facing invoice delays of 3 to 6 months. After using our debt collection automation, they managed to recover 80% of their outstanding invoices within just two weeks. This rapid recovery was a game-changer for their cash flow and helped them get back on track quickly.
7. What are the future goals for QuickLegal, and how do you plan to achieve them? With the current fundraising round on SeedBlink, how do you intend to utilize the funds to drive growth and innovation?
In the next 12 months, our goals are to generate €130K in revenue, acquire at least 220 new customers, and secure more than 10 key partnerships. We also plan to scale to France in the second half of the year and launch new features by the end of 2025, while preparing to raise our next round of funding in early 2026.
The funds raised through SeedBlink will be used for growth and expansion, including scaling our solution to the French market. 
8. For potential investors on SeedBlink, what makes QuickLegal a compelling investment opportunity right now?
QuickLegal is positioned at the intersection of two major trends: the growing global B2B payments market, expected to reach $63T by 2026, and the increasing regulatory push for digitalization in financial and legal processes. With key partners like Vodafone, EIT Digital, BCR, and Station F in Paris, we’re rapidly scaling and building a strong foundation for long-term growth.
Our track record speaks for itself: we’ve been recognized as the Best Legal Tech Platform in Romania for 2024, have been selected to participate and exhibit in high-profile events like StartUp Grind in Silicon Valley, and were a top 10 finalist for the World Pitch Contest at B2B Rocks in Paris.
With 182.4% year-over-year revenue growth and 60 new users per month, QuickLegal has shown impressive traction. We believe it offers a unique opportunity for investors to be part of an innovative company that is well-positioned to grow rapidly in a fast-evolving market.
Explore the <a href="https://investors.seedblink.com/invest/quicklegal/335">QuickLegal opportunity on SeedBlink</a>.

An insightful interview with Iulia Andritoiu, the CEO of QuickLegal

Debt recovery is now automate, thanks to QuickLegal

But not all shares are created equal. Whether you&#39;re seeking high returns or prioritizing stability, understanding the types of shares available is key to making smarter investment decisions. Here&#39;s a guide to help you navigate which shares are best for your strategy. 
<h2 id="1-preferred-shares-stability-with-seniority">1. Preferred shares: stability with seniority</h2>
Preferred shares often top the list for <a href="https://seedblink.com/2025-02-11-investing-in-secondaries-what-should-investors-expect">secondary investors</a> because they usually come with added protections: 
<ul>
<li>Liquidation Preferences: Priority payouts during liquidation events. </li>
<li>Anti-Dilution Rights: Safeguard against share value erosion in future rounds. </li>
<li>Dividends: Fixed income before common shareholders receive any distributions. </li>
</ul>
<a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options">Preferred shares</a> are ideal for investors who prioritize reduced risk and predictable returns. However, their relative safety often comes at a premium, meaning higher purchase prices on the <a href="https://seedblink.com/2024-12-10-primaries-vs-secondaries-understanding-the-two-markets-in-startup-investing">secondary market</a>. 
Best For: Conservative investors looking for protection against downside risks. 
Considerations: Premium pricing may reduce overall returns compared to common shares. 
<h2 id="2-common-shares-high-risk-high-reward">2. Common shares: high risk, high reward</h2>
Unlike preferred shares, common shares don’t come with special rights. They’re the last in line for payouts during liquidation but offer significant upside if the company performs well. 
Common shares are typically more affordable than preferred shares, making them attractive to investors willing to accept higher risk in exchange for the potential of outsized gains. 
Best For: Risk-tolerant investors seeking long-term growth. 
Considerations: No preferential rights, increasing risk in case of downturns or liquidation.
<h2 id="3-convertible-securities-hybrid-potential">3. Convertible securities: hybrid potential</h2>
Convertible notes or SAFEs are hybrid instruments that <a href="https://seedblink.com/2025-02-11-investing-in-secondaries-what-should-investors-expect">turn into equity</a> during a future financing round or <a href="https://seedblink.com/2024-12-17-secondaries-a-win-win-for-investors">liquidity event</a>. These instruments offer flexibility and often allow investors to participate in valuation growth. 
Best for: Investors looking to combine debt-like safety with equity-like upside. 
Considerations: Conversion terms may dilute potential returns. 
<h2 id="4-consider-the-stage-and-sector">4. Consider the stage and sector</h2>
Shares in late-stage startups generally carry lower risk, offering a clearer path to exit events such as IPOs or acquisitions. By contrast,<a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options"> early-stage shares</a> might provide larger discounts but come with significantly higher uncertainty. 
Investors should also consider sector-specific dynamics. For example: 
<ul>
<li>Fintech and SaaS: Offer relatively stable returns in mature markets. </li>
<li>Climate Tech and Health Tech: High-growth potential but often subject to regulatory risks. </li>
</ul>
-- 
The best shares for you depend on your investment goals. Preferred shares provide stability and diversification, while common shares offer higher risk and potential reward. Convertible securities strike a balance, offering flexibility for investors willing to navigate more complex terms. 
At SeedBlink, our secondary platform empowers you with detailed insights and access to Europe’s most promising late-stage startups. Whether you’re building a <a href="https://seedblink.com/2025-02-06-reset-your-clock-how-startup-investors-build-their-portfolio-with-secondaries">diversified portfolio</a> or seeking specific growth opportunities, we provide the tools and transparency to make informed decisions. 
Ready to explore secondary opportunities? Visit <a href="https://tech.seedblink.com/secondaries">SeedBlink’s Secondaries platform</a> to learn more. 
<a href="https://secondaries.seedblink.com/">Explore secondary investment opportunities with SeedBlink</a>.

The secondary market offers investors access to opportunities they might have missed during primary rounds.

What types of shares are best for Secondaries investments? 

Multiply that by the hundreds or thousands of patients in a hospital, and it’s clear that healthcare staff spend a significant amount of their time in manual monitoring, when they could be focusing on critical care instead.
Hospitals and healthcare facilities are under increasing pressure to provide high-quality patient care while dealing with staff shortages, rising costs, and outdated monitoring systems. Traditional methods for recording vital signs are expensive, time-consuming, and often inaccurate, leading to gaps in monitoring that can result in delayed medical interventions.
<h2 id="the-growing-need-for-smarter-healthcare-monitoring">The growing need for smarter healthcare monitoring</h2>
Traditional monitoring methods also come with limitations beyond inefficiency. The reliance on physical sensors can lead to patient discomfort and compliance issues, especially in long-term care. Additionally, sporadic measurements fail to capture real-time changes in a patient&#39;s condition, potentially delaying critical interventions. 
As healthcare shifts towards precision medicine and early detection, coupled with an aging population and a rising <a href="https://nchstats.com/statistics-chronic-disease-seniors/">chronic disease rate</a>, the need for continuous, real-time monitoring solutions that prioritize patient comfort has never been greater. 
This is where <a href="https://www.smedo.de/">smedo</a>&#39;s cutting-edge AI technology solution comes in, presenting a scalable, cost-effective, and efficient alternative in the healthcare industry. 
smedo, a German medical startup, is pioneering AI-powered contactless vital sign monitoring. By using high-frequency radar to measure micro-vibrations of the skin, smedo eliminates the need for physical sensors, providing real-time, continuous data with 98% accuracy compared to ECG readings.
<h2 id="how-does-it-work">How does it work?</h2>
smedo’s solution uses high-frequency radar technology to measure micro-vibrations of the skin and monitor heart rate, respiratory rate, and heart muscle sounds, without any contact. This means that no physical sensors are required, and it works up to 7 meters away, in the dark, through clothing, and on moving targets. 
smedo can automatically document all the data and seamlessly integrate it with hospital information systems for real-time monitoring. The monitoring is also done 24/7, reducing medical errors and enabling faster, data-driven decision-making for the medical staff.
<h2 id="what-sets-smedo-apart">What sets smedo apart?</h2>
While there are other AI-driven patient monitoring solutions on the market, smedo offers unique advantages that make it a leader in the field: 
<ul>
<li>The information is processed directly on the device, ensuring maximum data security and patient privacy. </li>
<li>Reduces the administrative burden on healthcare staff, allowing them to focus on high-value patient care.</li>
<li>Proven market validation, having successfully completed multiple funding rounds, with strong traction leading up to its planned launch in the US (2026) and Europe (2027). </li>
</ul>
<h2 id="investment-opportunity">Investment opportunity</h2>
As healthcare systems worldwide push for more efficient and cost-effective solutions, smedo is positioned to lead the transformation in contactless patient monitoring. 
With an active <a href="https://investors.seedblink.com/invest/smedo/336">investment round on SeedBlink</a>, smedo’s technology is redefining healthcare by offering 98% accuracy in vital sign monitoring, powered by AI, for continuous 24/7 tracking, having successfully validated prototypes with regulatory approvals in progress. 
According to a report from <a href="https://www.mordorintelligence.com/industry-reports/vital-signs-monitoring-market">Mordor Intelligence</a>, the serviceable market for vital sign monitoring is expected to reach $32 billion by 2030, and smedo is targeting a $250 million serviceable obtainable market in hospitals and elderly care facilities. 
Led by Thomas Grellner, Founder, entrepreneur with 30+ years of tech leading experience, David Weimer, Co-Founder, with 15+ years of experience in product certification, and a team of experts in signal processing and vital sign measurement, smedo has also secured support from APEX Ventures and Brandenburg Kapital. 
smedo is currently raising €650,000 through SeedBlink, offering investors the opportunity to invest in a high-growth MedTech company that is revolutionizing patient monitoring. 
Hospitals and nursing homes seek smarter, more efficient ways to manage patient care, and smedo is leading the way with its AI-powered contactless monitoring solution. 
<a href="https://investors.seedblink.com/invest/smedo/336">Explore smedo’s round materials</a> and be part of reshaping the future of healthcare.

5 minutes – that’s the average time it takes a healthcare professional to measure and record one set of vital signs, according to a study published in Nursing Times.

AI’s silent breakthrough in the next era of patient care

When you hear &quot;love languages,&quot; you might picture personal relationships, but this Valentine&#39;s Day, we&#39;re taking a look at it from the lenses of communication styles between investors and founders.
Just like in a healthy relationship, knowing how to express appreciation, share time, offer support, and even deliver thoughtful perks can help founders and investors improve their lives.
<h2 id="the-origins-of-love-languages">The origins of love languages</h2>
Dr. Gary Chapman popularized the concept of love languages in his bestselling book, <a href="https://5lovelanguages.com/">The 5 Love Languages</a>. Chapman identified that each person has a unique way of expressing and receiving love. His five categories include:
<ul>
<li>Words of affirmation</li>
<li>Quality time</li>
<li>Acts of service</li>
<li>Receiving gifts</li>
<li>Physical touch</li>
</ul>
<img src="/img/screenshot-2025-02-13-163618.png" alt="">
Source: <a href="https://www.mindbodygreen.com/articles/the-5-love-languages-explained">What Are The 5 Love Languages? Everything You Need To Know</a>
While physical touch is important in personal relationships, we’ll focus on the first four from the relationship between investors and founders. The idea is simple: when you know the language someone “speaks” in terms of appreciation and support, you can communicate in a way that feels meaningful to them. This builds trust and mutual respect and lays the foundation for a strong relationship.
When applied to the startup ecosystem, they can serve as a roadmap for better communication between founders and investors. Instead of feeling like you’re speaking different languages, you both get to enjoy a partnership that’s tailored to your communication style. 
<h2 id="mapping-love-languages-to-investors--founders-communication">Mapping love languages to investors &amp; founders&#39; communication</h2>
Let’s break down how these love languages translate into the communication dynamics between investors and founders and why they matter for both sides.
Words of affirmation
<ul>
<li>Clear and positive feedback: A few encouraging words can go a long way. When an investor praises a founder’s innovative idea or acknowledges the hard work behind a project, it builds confidence and trust.</li>
<li>Celebrating milestones: Whether landing a key client, launching a product or reaching a funding milestone, simple verbal or written recognition reinforces the value of the effort.</li>
<li>Building a supportive culture: Regular, honest feedback helps create an environment where founders feel supported rather than scrutinized. Even small recognitions can keep morale high during tough times.</li>
</ul>
Quality time
<ul>
<li>One-on-one meetings: Regular check-ins between founders and investors or strategy sessions allow for in-depth conversations about company progress, challenges, and what future ideas are the right action plan.</li>
<li>Deep-dive strategy sessions: A dedicated time to discuss the company&#39;s growth includes performance reports and numbers, but a healthy conversation also includes ideas, feedback, and brainstorming sessions when needed. </li>
<li>Building connections: Beyond scheduled meetings, we recommend you have spontaneous conversations because those random talks help you build personal connections and get to know your partners.</li>
</ul>
Acts of service
<ul>
<li>Offering expertise: Investors can do more than just provide funds, they can share their know-how, offer strategic advice, and help founders navigate tough challenges.</li>
<li>Facilitating introductions: One of the best things an investor can offer is access to their network. Connecting founders with potential partners, clients, or additional investors can open new opportunities.</li>
<li>Hands-on assistance: Sometimes, the best support is rolling up your sleeves to refine a pitch deck or troubleshooting technical issues; these acts of service can mean a lot for a founder.</li>
</ul>
Receiving gifts 
<ul>
<li>Personalized updates: Investors might share exclusive insights or early access to market research to help founders fine-tune their strategy.</li>
<li>Access to exclusive resources: This could be premium software, valuable data, invitations to industry events, or tangible benefits that add extra value.</li>
<li>Sharing other perks: Sometimes, it’s about an opportunity, like attending a workshop, joining a private session with an industry expert, or networking at high-level events.</li>
</ul>
<h2 id="common-challenges-and-misunderstandings">Common challenges and misunderstandings</h2>
Even with the best intentions, misunderstandings can occur when messages are misinterpreted. For instance, what one party sees as constructive criticism might be taken as a personal slight, or investors&#39; need for frequent updates could feel like micromanagement to founders. 
Here are some of the common challenges that can arise when founders and investors aren’t on the same page:
1. Different communication frequencies
Example: Investors might prefer regular updates and frequent check-ins, while founders may feel overwhelmed by too many meetings.
Impact: The mismatch can create frustration on both sides, where investors may feel out of the loop, and founders may feel micromanaged.
2. Assuming understanding without clarification
Example: Both founders and investors might assume that the other party understands their expectations without actually discussing them. 
Impact: The misalignment can result in a loss of trust and directly impact revenue and company culture if these remain unsolved.
3. Disregarding passion and personal touch
Example: When communication is too focused on metrics and numbers, the personal touch or passion of the founders might get lost. 
Impact: This can lead to a transactional relationship in which both parties feel they’re just checking boxes rather than building something meaningful. 
4. Vague and ambiguous communication
Example: A founder may send a brief, general update without detailed context, expecting the investor to understand the situation, while the investor craves specific data and clear insights.
Impact: Vague updates can create confusion and misaligned expectations, leading to late actions or missed opportunities.
5. Lack of follow-up in decisions
Example: After a meeting, both parties might assume everyone is on the same page without documenting or confirming the agreed-upon actions.
Impact: Without clear follow-up, there can be misunderstandings or poor execution, which can impact important projects over time.
<h2 id="communication-tips-for-investors--founders">Communication tips for investors &amp; founders</h2>
How founders can improve their relationships with investors: 
<ul>
<li>Be transparent: Openly discuss your wins and challenges because honesty about obstacles builds trust and genuine connection between people.</li>
<li>Invite collaboration: Encourage investors to share their ideas and treat their input as a chance to explore fresh perspectives and strategies.</li>
<li>Be flexible and proactive: Stay open to change and be ready to pivot when needed by focusing on finding a solution to the challenges you face. </li>
</ul>
How investors can improve their relationships with their portfolio companies: 
<ul>
<li>Define your role: Let founders know who you are, and how you plan to contribute through your network and personal connections, what industry insights you have, and what might be useful in your future collaboration. So, you can both have clear expectations from one another and better interactions. </li>
<li>Offer industry insights: If, as an investor you have a deep expertise in a particular field and can easily understand what trends are impacting the market, we recommend you to share those early signs and trends with your founders. It can be good guidance in helping them how to develop their product grow their company, or go for opportunities they have not identified yet.</li>
<li>Build a long-term partnership: Focus on creating a relationship beyond capital by getting to know your founders for who they really are, what their passions are, their motivations, and their dreams. Having a genuine interest in the people you are working with, rather than just quick regular check-ins on how is going, will help you have more effective communication and real connection. </li>
</ul>
If you are not sure what your main love language is, you can take a <a href="https://5lovelanguages.com/quizzes/love-language">free online quiz</a> to help you discover it, understand what it means, and how you can use it to better connect with people around you.

Discover how love languages impact the dynamics between founders and investors. Learn how communication, support, and feedback styles can improve your relationship.

Valentine’s Day special - love languages between investors and founders

Securing funding to grow your startup is sometimes essential. One financing instrument that has gathered attention is the Simple Agreement for Future Equity, mostly known as SAFE, originally introduced by Y Combinator.
SAFEs are now being cautiously adopted in Europe. But what exactly are SAFEs, and why are they beginning to capture attention in the European startup ecosystem?
This article explores the structure, benefits, and challenges of SAFEs. Founders will gain insights into whether this option aligns with their funding goals, while investors can better understand how to use this tool to diversify their portfolios.
<h2 id="what-is-a-safe">What is a SAFE?</h2>
A SAFE is a type of convertible security that allows startups to raise funds without determining the company’s valuation immediately. In simple terms, an agreement between an investor and a startup grants the investor the right to future equity upon a specific event, such as a subsequent equity financing round or an acquisition.
Unlike traditional convertible notes, SAFEs do not accrue interest or have a maturity date, making them simpler and more flexible. Typically, SAFEs convert during a priced equity round at a discounted or valuation cap, which sets a maximum conversion price.
Key SAFE elements include:
<ul>
<li>Investment amount: The funds provided by the investor.</li>
<li>Valuation cap or “post-money valuation cap”: Sets the maximum valuation at which the SAFE converts into equity.</li>
<li>Floor valuation: While a valuation cap sets an upper limit on a startup&#39;s valuation, the floor valuation sets a lower limit.</li>
<li>Discount rate: A percentage discount is applied to the valuation during conversion.</li>
<li>Conversion event: The trigger for equity conversion, such as a priced round or acquisition.</li>
</ul>
A SAFE contract also outlines investor and founder rights and priorities regarding the “trigger event.” It can also contain a “stop date.” When no trigger event occurs, the investor has the right, but not the obligation, to convert the SAFE into capital stock according to the floor valuation.
If multiple SAFEs are issued to different investors, they may convert at different caps and thus yield different prices per share. In <a href="https://tech.seedblink.com/raise-hub">syndicated rounds</a>, investors typically contribute collectively to a single SAFE instrument.
<h2 id="the-appeal-of-safes">The appeal of SAFEs</h2>
The allure of SAFEs lies in their simplicity and efficiency. For early-stage startups, mainly those in the pre-seed and seed stages, SAFEs offer a streamlined fundraising process by postponing valuation discussions to a later stage, often when the company has more traction.
Advantages of SAFEs:
<ul>
<li>Quick and cost-effective to implement.</li>
<li>Minimize immediate financial obligations for startups by eliminating repayment terms.</li>
<li>Allow startups to delay valuation discussions until a future round when they have more data to support higher valuations.</li>
</ul>
Limitations of SAFEs:
<ul>
<li>Provide no guarantees for investors unless a triggering event occurs.</li>
<li>It can result in significant founder dilution if future valuations are much higher than expected.</li>
<li>May be less appealing to investors who prefer structured terms with interest or repayment guarantees.</li>
</ul>
<h2 id="safes-in-the-european-context">SAFEs in the European context</h2>
While SAFEs are a staple in U.S. startup financing, their adoption in Europe has been more cautious due to diverse legal frameworks. However, as Europe’s startup ecosystem matures, the use of SAFEs is expanding, supported by country-specific adaptations such as:
<ul>
<li>BSA-AIR - Bon de Souscription d’Actions – Accord d’Investissement Rapide (France)</li>
<li>SLIP - Simple Agreement for Future Equity (Norway)</li>
<li>WISE - Warrant for Investment in Startup Equity (Sweden)</li>
<li>ASA (Advance Subscription Agreement) also known as SeedFAST (UK).</li>
</ul>
While SAFEs are not yet ubiquitous across Europe, they represent a promising, flexible fundraising tool for startups navigating the complexities of early-stage financing.
<h2 id="when-to-use-a-safe">When to use a SAFE?</h2>
SAFEs can be an ideal solution for startups and investors in specific scenarios:
1. Early-stage startups needing a fast and simple fundraising round
For pre-seed or seed-stage startups, SAFEs provide a fast and straightforward way to raise capital without the need for lengthy valuation negotiations.
2. Bridge rounds between larger funding rounds
Although convertible notes are more commonly used in bridge rounds, SAFEs also provide a flexible solution for maintaining momentum when preparing for a larger financing round but needing temporary capital.
Key considerations for founders:
<ul>
<li>SAFEs in early-stage or bridge rounds often include valuation caps or discounts to reward investors.</li>
<li>For bridge rounds, founders should ensure that a future funding round is immediately on the horizon to avoid conversion delays, which could frustrate investors.</li>
<li>Expect existing investors to participate in a SAFE for a bridge round, rather than new investors.</li>
</ul>
<h2 id="example---a-pre-seed-startup-raising-with-a-safe">Example - A pre-seed startup raising with a SAFE</h2>
GreenySprout, a pre-seed startup developing sustainable agriculture technology, illustrates how SAFEs can simplify fundraising.
Funding goal: Raise €500,000 to develop a prototype and expand marketing.
Let&#39;s explore GreenySprout&#39;s SAFE conversion scenarios.
Initial SAFE terms:
<ul>
<li>Investment amount: €500,000</li>
<li>Valuation cap: €3M</li>
<li>Discount rate: 20%</li>
<li>Next round minimum: None specified</li>
<li>Assumed initial shares: 1M</li>
<li>Conversion event: The next priced equity round or acquisition.</li>
</ul>
How SAFE Discounts Work
Important: The discount applies to the price per share, not to the valuation. This is a crucial distinction for accurate calculations.
Scenario 1: Next Round at €5M pre-money Valuation (Above Cap)
When the valuation cap protects investors:
<ol>
<li>Regular price per share at €5M valuation: €5M ÷ 1M shares = €5 per share</li>
<li>Cap price per share: €3M ÷ 1M shares = €3 per share</li>
<li>Investor gets better of: Cap price: €3 per share (better) &amp; Discounted price: €5 × (1 - 0.20) = €4 per share</li>
<li>Final calculation: Shares issued = €500,000 ÷ €3 = 166,667 shares &amp; Ownership = 166,667 ÷ (1M + 166,667) = 14.3%</li>
</ol>
Scenario 2: Next Round at €2M pre-money Valuation (Below Cap)
When the discount provides better terms:
<ol>
<li>Regular price per share at €2M valuation: €2M ÷ 1M shares = €2 per share</li>
<li>Cap price per share: €3M ÷ 1M shares = €3 per share</li>
<li>Investor gets better of: Cap price: €3 per share &amp; Discounted price: €2 × (1 - 0.20) = €1.60 per share (better)</li>
<li>Final calculation: Shares issued = €500,000 ÷ €1.60 = 312,500 shares &amp; Ownership = 312,500 ÷ (1M + 312,500) = 23.8%</li>
</ol>
Scenario 3: Next Round at €3M pre-money Valuation (At Cap)
When valuation equals the cap:
<ol>
<li>Regular price per share at €3M valuation: €3M ÷ 1M shares = €3 per share</li>
<li>Investor gets better of: Cap price: €3 per share &amp; Discounted price: €3 × (1 - 0.20) = €2.40 per share (better)</li>
<li>Final calculation: Shares issued = €500,000 ÷ €2.40 = 208,333 shares &amp; Ownership = 208,333 ÷ (1M + 208,333) = 17.2%</li>
</ol>
Key Points About Calculation Methodology
<ul>
<li>Always calculate price per share first</li>
<li>Apply discount to price per share, not valuation</li>
<li>Compare discounted price with cap price</li>
<li>Use the lower price per share (better for investor)</li>
<li>Calculate shares based on investment amount divided by chosen price</li>
</ul>
Impact Analysis
For Founders:
<ul>
<li>Most dilutive: When the discounted share price is lowest (€2M scenario - 23.8% dilution)</li>
<li>Moderate: When at cap but discount applies (€3M scenario - 17.2% dilution)</li>
<li>Least dilutive: When cap price is used (€5M scenario - 14.3% dilution)</li>
</ul>
For SAFE Investors:
<ul>
<li>Best outcome: Lower valuation with discount applying (€2M scenario)</li>
<li>Protected by: Cap in high valuations, discount in lower valuations</li>
<li>Always gets better of: Cap price or discounted price per share</li>
</ul>
Pro Tips for Founders:
<ul>
<li>Calculate impact on price per share, not valuation</li>
<li><a href="https://tech.seedblink.com/equity-calculators">Model multiple scenarios</a> before setting terms</li>
<li>Consider cumulative impact of multiple SAFEs</li>
<li>Document calculation methodology clearly</li>
<li>Keep cap table updated with potential conversion scenarios</li>
</ul>
<h2 id="recap-why-safes-are-gaining-traction-in-europe">Recap: Why SAFEs are gaining traction in Europe</h2>
<ul>
<li>SAFEs offer a simple and flexible fundraising option, allowing startups to:</li>
<li>Raise capital quickly without determining an immediate valuation.</li>
<li>Focus on growth while deferring complex negotiations.</li>
<li>Access investor-friendly terms that compensate for early-stage risks.</li>
</ul>
As Europe’s startup landscape evolves, the adoption of SAFEs is expected to grow. By fostering collaboration between startups, investors, investment and equity management platforms, and legal professionals, SAFEs can become a powerful tool for innovation and growth.
<h2 id="raise-your-next-round-with-seedblink">Raise your next round with SeedBlink</h2>
If you&#39;re an early-stage startup exploring SAFEs or unsure which are the right funding tools for you, SeedBlink is here to guide you.
With SeedBlink, you gain access to:
<ul>
<li>Expert guidance on preparing for fundraising and structuring deals, including SAFE agreements.</li>
<li>Comprehensive infrastructure to facilitate your SAFE, CLA or equity round, covering investment vehicles, contracts, signatures, banking transfers, and KYC/AML verifications—ensuring a secure and seamless financing process while you focus on growing your business.</li>
<li>Dedicated support throughout your funding journey, from preparation to closing.</li>
<li>Post-financing tools for reporting, investor communication, and ongoing mentorship.</li>
</ul>
Apply for funding &gt; <a href="https://tech.seedblink.com/financing-solutions">https://tech.seedblink.com/financing-solutions</a>

Learn how SAFEs work, their pros and cons, and how founders choose the right tool for successful fundraising.

Investment tools explained: SAFEs for European startups

Combining finances with a life partner transforms personal wealth into a joint venture of strategic growth and mutual achievement. For couples, synchronizing their investment decisions reinforces a partnership grounded in shared aspirations and strategic pursuits.
As every couple has unique aspirations, how can you ensure that your investment decisions reinforce your partnership and propel you towards shared success?
First, shared financial goals are a good start.
What are your biggest dreams together? Solid investment strategies begin with aligned goals. Whether it&#39;s securing a comfortable retirement, funding your children’s education, or owning real estate, setting clear and common objectives is crucial. This alignment empowers couples to move confidently towards their future, backed by a tailored investment plan that supports both their short-term desires and long-term needs. 
Steps to align your Investment goals: 
<ul>
<li>Sit down together and list your individual and shared financial goals. </li>
<li>Prioritize these goals based on urgency and importance. </li>
<li>Decide on investment timelines and how much risk you are willing to take.</li>
</ul>
Studies show that couples who set and review their financial goals annually are 33% more likely to achieve them than those who don’t. 
Secondly, diversify your investments.
How diverse is your current portfolio? In an ever-changing global economy, placing your bets across a range of asset classes is the only wise thing to do. Diversification, beyond spreading risks, it’s about strategically positioning your investments to capture growth across various sectors—from the stability of bonds to the dynamic potential of startups.
<ul>
<li>Combine traditional investments like stocks and bonds with alternative assets such as real estate or startups.</li>
<li>Use platforms like SeedBlink to tap into startup investing, providing a gateway to high-growth potential opportunities.</li>
<li>Regularly review and adjust your portfolio composition to ensure it remains aligned with your evolving financial goals and market conditions.</li>
</ul>
Diversified portfolios have historically reduced volatility and improved returns, with a mix of asset classes outperforming single-class investments over the long term. 
Thirdly, maintain open financial communication 
When did you last discuss your financial plans together? Transparency is critical in joint financial ventures. Regular financial reviews keep both partners informed and also foster an environment where decisions are made collaboratively. This open dialogue is essential for adapting to life changes and economic shifts, ensuring that investment strategies remain relevant and effective.
<ul>
<li>Schedule monthly financial meetings to discuss and review your investment strategies.</li>
<li>Use tools like financial dashboards or apps to keep track of investments and discuss any discrepancies.</li>
<li>Always involve both partners in investment decisions to ensure mutual understanding and agreement. </li>
</ul>
By the way, couples who engage in regular financial discussions are less likely to encounter conflicts over money, as continuous communication builds trust and aligns expectations. 
Commit to ongoing financial education
Are you keeping pace with the financial markets? The investment landscape is continually evolving, with new opportunities and risks emerging. Committing to ongoing education—attending workshops, subscribing to financial news, or enrolling in investment courses—can significantly enhance your ability to navigate complex markets and make informed decisions.
<ul>
<li>Subscribe to investment newsletters or platforms like SeedBlink for the latest in startup investments.</li>
<li>Attend at least one financial seminar or workshop every quarter.</li>
<li>Regularly read &amp; share books and articles on financial strategies and market trends.</li>
</ul>
Knowledgeable investors are 40% more likely to achieve higher returns on their investments, as continuous learning helps identify and leverage emerging opportunities effectively. 
Celebrate together your financial milestones 
Just as personal achievements are celebrated, so too should financial milestones. These celebrations reinforce the success of your joint financial strategies and motivate continued investment toward future goals. 
<ul>
<li>Set specific financial milestones and plan small celebrations for when these are achieved.</li>
<li>Share successes with a close circle to multiply the joy and reinforce the habit of investing.</li>
<li>Reflect on and document your financial journey to appreciate the progress and plan for future milestones.</li>
</ul>
By implementing these strategies, couples can both navigate their financial landscape more effectively and strengthen their relationship. 
<a href="https://seedblink.com/welcome-to-seedblink">Join SeedBlink today</a>, and let us help you make every investment count toward building a prosperous and united future.

Merging love and investments might seem like a delicate dance.

5 smart investment moves for couples looking to amplify their wealth  

With record-breaking fundraising, increased participation from institutional investors, and a growing pool of late-stage <a href="https://seedblink.com/2024-12-17-secondaries-a-win-win-for-investors">companies seeking liquidity</a>, Secondaries have firmly established themselves as a critical component of the private market ecosystem. 
But what does this mean for investors? Let’s explore what you can expect when investing in secondaries, from potential benefits to key considerations. 
<h2 id="the-appeal-of-secondaries">The appeal of Secondaries</h2>
Immediate diversification 
Secondary investments often involve portfolios of existing assets rather than blind pools of future investments. For investors, this means instant diversification across geographies, sectors, and maturity stages.
Faster liquidity
Secondary investments are inherently shorter-term compared to primary fund commitments. Since assets in <a href="https://seedblink.com/2025-02-06-reset-your-clock-how-startup-investors-build-their-portfolio-with-secondaries">secondary portfolios</a> are already closer to exit, investors can expect faster distributions. Data from PitchBook reveals that secondary funds achieved a 21.4% internal rate of return (IRR) over a three-year horizon in 2023, outperforming many other private market strategies.
Discounted entry
Secondaries typically trade at a discount to net asset value (NAV). In 2023, venture capital funds were priced at an average of 68% of NAV, reflecting cautious buyer sentiment. These discounts allow investors to gain exposure to high-performing assets at attractive valuations. 
<h2 id="navigating-the-different-deal-types">Navigating the different deal types</h2>
Secondaries come in two main forms, each offering unique opportunities:
<ul>
<li>LP-Led Deals - These transactions involve buying stakes in existing funds from limited partners (LPs). They are highly diversified, often encompassing multiple companies or even entire funds. LP-led deals accounted for 54% of secondary market activity in 2023, according to Jefferies.</li>
<li>GP-Led Deals - General partner (GP)-led transactions involve the continuation of specific high-performing assets in new vehicles, often referred to as &quot;continuation funds.&quot; These deals have gained popularity, with transaction volume growing from $14 billion in 2017 to $52 billion in 2023. They are typically more concentrated, allowing for deeper due diligence on individual companies but carrying a higher risk of concentration. </li>
</ul>
<h2 id="what-to-expect-as-a-secondary-investor">What to expect as a Secondary investor</h2>
<ol>
<li>Secondary investments bypass the lengthy capital calls typical of primary funds. Instead, capital is deployed quickly, giving investors immediate exposure to mature assets.</li>
<li>Unlike<a href="https://seedblink.com/2024-12-10-primaries-vs-secondaries-understanding-the-two-markets-in-startup-investing"> primary investments</a>, where the future of the portfolio is speculative, secondaries provide visibility into existing assets. This mitigates blind pool risk and allows for more accurate pricing.</li>
<li>Secondary markets are not immune to broader market conditions. In 2023, private equity secondaries demonstrated resilience despite a 47% decline in global M&amp;A value and an 83% drop in IPO activity. However, pricing and liquidity in secondaries are still influenced by economic cycles and investor sentiment.</li>
<li>Pricing secondary transactions is both an art and a science. Discounts can vary significantly based on factors like fund vintage, asset quality, and prevailing market conditions. For instance, older funds with limited growth prospects often trade at steeper discounts, while younger funds with strong upside potential can command higher prices. </li>
</ol>
<h2 id="key-considerations-before-investing">Key considerations before investing</h2>
<ol>
<li>Building strong relationships with fund managers and secondary market players is crucial. Many top-tier deals are closed networks, requiring deep industry connections to participate.</li>
<li>Thorough analysis of underlying assets, fund managers, and market trends is essential. Investors must assess the quality and trajectory of the portfolio to ensure alignment with their investment goals.</li>
<li>Secondary investments often involve multiple layers of fees, including those from underlying funds and the secondary transaction itself. Understanding these costs is critical to evaluating potential returns. </li>
</ol>
<h2 id="the-outlook-for-secondaries">The outlook for Secondaries</h2>
With $255 billion in available capital and projected deal volume exceeding $130 billion in 2024, the secondary market is poised for continued growth. Institutional investors are driving much of this activity, with firms like Blackstone and Pantheon raising record-breaking funds to capitalize on the opportunity.
Looking ahead, secondaries are expected to account for an increasing <a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options">share of private market</a> activity. Their ability to offer liquidity, diversification, and quicker returns makes them an attractive option for investors across the spectrum—from individual investors to large institutions.
Investing in secondaries offers a unique blend of benefits, from faster returns to discounted entry points and reduced risk. However, it requires careful consideration, deep due diligence, and strategic alignment with broader portfolio goals.
At SeedBlink, our Secondaries platform provides access to Europe’s most promising late-stage startups and high-performing portfolios. Whether you’re new to secondaries or looking to expand your exposure, we’re here to help you navigate this exciting space.
Ready to explore secondary opportunities? Visit <a href="https://tech.seedblink.com/secondaries">SeedBlink’s Secondaries platform</a> to learn more. 
<a href="https://secondaries.seedblink.com/">Explore secondary investment opportunities with SeedBlink.</a>

The secondary market is often described as the "next big thing" in venture capital and private equity investing.

Investing in Secondaries: what should investors expect? 

Today&#39;s traditional methods to monitor life functions are time-consuming and expensive, significantly damaging nursing staff and hospitals. smedo’s solution, however, offers an efficient, affordable, and automated method of tracking heartbeat, heart rate variability, heart sound, respiration rate, and even blood pressure, in the future, leading the way toward a more efficient healthcare environment.
The founder and CEO of the company is Thomas Grellner, a serial entrepreneur, with over 30 years of experience in the tech industry. Thomas spoke with SeedBlink about the company’s vision, innovative technology, and plans for the future.
1. You have a long history of entrepreneurship, with many successful projects in your background. What inspired you to start smedo? 
I came across the idea when I met another startup company a couple of years ago. That company claimed to read vital signs using radar. Imagining contactless monitoring of patients in their hospital beds, elderly people in care facilities or maybe even people in their living environments made me curious about that technology. I approached that startup for a license to sell their product in German-speaking countries, however, they were unable to deliver at the time. So, I started smedo to turn this vision into reality. 
2. How does smedo’s AI-driven contactless technology work, and what makes it unique? 
Our technology works similarly to those distance sensors you might know from your car, which help with maintaining a safe distance to the car right in front of you, or with parking. However, we’ve added a twist to this kind of distance measuring. We focus on very small changes in the distance between our sensor and the human body. 
To be precise, we are looking at the micro-vibrations in the skin of the test person. These micro-vibrations deliver the information that we feed to our AI model. And voila, the AI model calculates the heart rate and respiration rate, while constantly checking for changes and the reliability of the measurement itself, which is what we call signal quality index. 
3. What are the main advantages of smedo’s solution compared to the traditional health monitoring systems? 
Our solution works contactless. This means no wires, no patches, nothing that touches the patient or test person. The device that allows us to perform this kind of monitoring is mounted directly under the mattress of the hospital or care bed, making monitoring completely unobtrusive. Healthcare professionals don’t need to interact with the device, and the solution provides accurate 24/7 vital sign monitoring with fully automated documentation. We think this improves efficiency, reduces workload for nurses, saving precious time. 
More importantly, our technology has the potential to save lives by continuously tracking vital signs, and detecting changes in a patient’s condition early, enabling faster interventions. showing the change in the patient’s health situation. 
4. How does smedo’s business model differ for B2B clients versus direct consumers, for home care? 
smedo’s business model is B2B only. Our primary focus is hospitals, equipping beds that currently lack automated monitoring. In today’s world, we are talking about 90% of all hospital beds, outside ICUs, and stroke units that are usually well equipped with wired monitoring systems. Furthermore, we will also target elderly care units, where our technology can greatly ease caregiving tasks. 
At a later point in time, we plan to expand to assisted living solutions, while still focusing on care-related applications. This might imply a slightly different sales approach, depending on the insurance systems of the different countries. 
5. The health-tech market is rapidly evolving. How do you see the future of AI-powered health monitoring? 
AI will be the driving force in the next generation of health monitoring. AI gives us a whole new way of insights into monitored data. 
It is not only about bringing health monitoring to a whole new level in terms of more data and even more precise data but, I think this is key, adding value in respect of hinting to significant changes in the health conditions of patients. Our team at smedo is already preparing to provide pre-diagnostic insight from the data in the future. This will make a huge difference for possibly earlier and therefore eventually more effective therapies. 
6. How did you secure early funding for the company? 
When I decided to build the radar solution with my team, I quickly realized that self-funding was not an option. So, we started looking for public and private funding as well. Attracting an investor with just the idea of a completely new kind of technology for measuring vital signs did not work out in the beginning. 
However, as we were able to demonstrate that the technology works and that we can add public funding for the research part of the product development, we were able to get APEX Ventures and Brandenburg Kapital. 
7. What are the next big milestones for smedo? 
The next big milestone is the certification of our solution as a medical device, allowing us to launch the product in Europe. Once we secure certification, we’ll move forward to our next major step, which is raising our next equity round to scale operations. 
8. For investors, why is now the right time to support smedo? 
There are plenty of reasons, and the short answer is that smedo is at the right place at the right time. The growing demand for scalable, efficient healthcare solutions is undeniable, driven by aging populations, rising chronic diseases, and medical staff shortages. 
Our contactless monitoring technology addresses these challenges head-on, reducing caregiver workload while improving patient outcomes. With regulatory support increasing for remote monitoring and a $100 billion+ market opportunity by 2030, we are positioned for rapid growth. 
Unlike traditional systems, smedo delivers real-time, contact-free data, setting us apart from competitors. Backed by a scalable business model and SaaS-enabled revenue streams, now is the ideal moment to invest before our next growth phase. 
<a href="https://investors.seedblink.com/invest/smedo/336">Explore the opportunity on SeedBlink.</a>

smedo, a medical startup from Germany, is transforming the healthcare industry with AI-driven, contactless vital sign monitoring technology.

Changing vital sign monitoring with AI-powered contactless technology: smedo’s vision for the future 

<h2 id="have-you-heard">Have you heard?</h2>
Megarounds back | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Da39d65e3bb%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185059547%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=MtSj%2BRKyB%2BdIgQdU2KlLubMkBj%2BXP%2FehSFDhgTouunI%3D&amp;reserved=0">Read more</a>
January marked a significant rebound in VC funding with Europe witnessing the highest number of megarounds since July 2022. Led predominantly by health tech and climate and deep tech sectors, investment activity saw startups like TravelPerk securing $200m.
What options do I have with my options? | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dd9c6219964%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185083247%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=w3X8RtrLxzf1PWU3HXJDG%2FS97EO0BcQIgxvKmaaQXxM%3D&amp;reserved=0">Read more</a>
Equity compensation—be it stock options or restricted shares—has become the currency of the startup world. The rise of secondary transactions has redefined how employees and founders can unlock the value of their equity without waiting for an IPO or acquisition. 
Past &amp; Future | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D056314e237%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185104900%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=XXUHndTq6aASYDVwe3GwyiTze%2FxIs6xhC4r4r7B04ck%3D&amp;reserved=0">Read more</a>
In &quot;Timeless Virtues, New Technologies,&quot; MIT&#39;s David Mindell delves into how ancient wisdom can guide modern technological innovation. It is a compelling read that connects historical insights with future advancements.
Podcast of the week: The Monzo Turnaround - <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D9e2157684e%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185122491%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=7BM%2BNN8akufQ5K8RhmvHbTLwOYPyy2ZNrJPECKGqcno%3D&amp;reserved=0">Tune in</a>
Discover TS Anil’s journey on the 20VC podcast, where he discusses turning Monzo from a struggling entity into the UK’s largest digital bank, with £1BN in revenue and over 10 million customers.
<h2 id="seedblink-ventures">SeedBlink Ventures</h2>
Co-invest alongside top-tier investors in tech startups. 
Primaries spotlight: <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D81a92acafa%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185138121%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=w761PoCAoY2hDlTw5KE1%2Bdqf6zuRhSYVoeoTiRZVyD4%3D&amp;reserved=0">AM.Golf</a> is a SaaS platform connecting golf players, clubs, and professionals with performance tracking, tournament management, and GPS tools.
12 companies are actively raising now. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D5a566862c5%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185159956%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=vuXGtgSBWnPGDOL8njgfwyoWH1gMPPV5Zk8RdFXzy4s%3D&amp;reserved=0">Explore them</a>.
Portfolio updates: your insights, our priority
Startups financed via SeedBlink have started sharing their Q4 2024 updates. Explore their progress and key metrics in your portfolio under Insights &amp; KPIs, Documents, or Founder’s Updates. 
On the Bulletin Board: Take control of your portfolio with SeedBlink&#39;s Secondary Market. Buy or sell shares in 45 promising tech startups—no minimum ticket required. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D21f1b93b46%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185181048%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=%2FUOUVzKl%2BCVVhAaDZT70G4pE3JyxwJQ8zLzvhXT6U%2BI%3D&amp;reserved=0">Explore your opportunities</a>. 
<h2 id="community-events">Community events</h2>
Learn all about specific startups and the bigger tech picture.
Monday - February 10 - 4PM CET - online 
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dfd9590c3e8%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185199814%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=b7F1I9HnmrAlbLJcFSdpMo6E8UtG1D55Mk6q3It5Q2E%3D&amp;reserved=0">Fire Pitch with Easee</a> - Join us for an insightful Pitch as we explore the innovative world of eye care in the digital age, with Yves Prevoo, CEO &amp; Founder of Easee. 
Monday - February 17 - 4PM CET - online 
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D3b13c03028%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185227998%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=FxnBXTKbohRxSAqKf9EF4vVBGAQQJ%2BeVlVf835tL%2FFA%3D&amp;reserved=0">Fire Pitch with AM.Golf</a> - Join us for an insightful Pitch as we explore the app for all golf needs, with Nicolae Kovacs &amp; Adrian Satmarea, co-founders of AM.Golf. 
<h2 id="seedblink-secondaries">SeedBlink Secondaries</h2>
Early-liquidity solutions for investors &amp; employees.
Secondary deals offer the opportunity to invest in established companies by buying shares directly from current shareholders, bypassing traditional funding rounds. Currently available:
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D16a78230e1%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185262651%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=%2BliDZ6iaujiO0YTjDrpvGIckVYSOGhQFuBjvNlGuPU4%3D&amp;reserved=0">.lumen</a>: glasses for the blind | Landmark year with record-breaking raise, commercialization in sight, and global showcases (Toyota Mobility Foundation, Amazon Web Services, NVIDIA, CES).</li>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D6accb1c15c%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185277851%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=06juBzcFprFsXJX4ml5FURuXePjAg78BP1T4IaSvkFA%3D&amp;reserved=0">Bolt</a>: urban mobility, redefined | Operating in 500+ cities across 45+ countries. With over 150 million users and a €2 billion annual revenue milestone achieved in 2024. </li>
</ul>
<h2 id="seedblink-syndicates">SeedBlink Syndicates</h2>
Pool capital, aggregate shareholders and simplify governance.
Key benefits of investment syndicates for angel investors | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D59c25ace0d%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185295294%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=fu2%2BIMIR8Dl3a0e%2BjDsupiYDwFHzRpusH5SVNg4Tp4U%3D&amp;reserved=0">Read more</a>
<ul>
<li>Access more investment opportunities, including high-growth startups.</li>
<li>Pooling resources lowers individual risk. No lead investor? SeedBlink handles it via the Nominee vehicle.</li>
<li>Join deals with smaller commitments, making startup investing more accessible.</li>
<li>Add investors later, make follow-ons, and access secondaries for early liquidity.</li>
</ul>
<h2 id="seedblink-equity">SeedBlink Equity</h2>
Equity management, stakeholder governance and portfolio tracking.
Portfolio management: tools and tactics for investors | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D1565b8ac64%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C73893847fb6043091c3408dd49a4c1c0%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638747694185313746%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=3wpQxK%2FpY27nGhzH7L7CJqcB96LiAvFOMMdHFI1fnQs%3D&amp;reserved=0">Read more</a>
Managing a VC portfolio is all about making smart decisions to maximize returns while keeping risks in check. Because startups have an uncertain future, investing in them requires a long-term mindset and careful portfolio management.
Investors must decide where to allocate capital, when to double down on promising companies with follow-on investments, and how to support founders as they grow.
The key to success is tracking performance, analyzing data, and managing risk effectively.

But what if you could fast-forward the clock, invest in companies with mature roots, and harvest returns sooner? That’s where secondaries come in—a strategic addition to any portfolio, offering diversification, quicker <a href="https://seedblink.com/2024-12-17-secondaries-a-win-win-for-investors">liquidity</a>, and potentially reduced risk. 
Let’s explore how seasoned investors are leveraging secondaries to reset their portfolios, mitigate risk, and maximize returns. 
<h2 id="the-evolution-of-startup-investment-strategies">The evolution of startup investment strategies</h2>
Traditional startup investing focuses on <a href="https://tech.seedblink.com/ventures">primary rounds</a>, where investors subscribe new shares directly in a company to fund its growth. These investments are high-risk, high-reward, with timelines stretching 7–10 years or longer before a potential exit. While this approach can yield outsized returns, it also requires patience and a tolerance for uncertainty. 
Secondaries, by contrast, offer a different playbook. Instead of investing in companies at their earliest stages, secondary investors acquire <a href="https://seedblink.com/2025-01-30-what-options-do-i-have-with-my-options">shares </a>from existing shareholders, typically in startups that have already achieved significant milestones. This shift in strategy allows investors to recalibrate their portfolios and tap into opportunities with clearer trajectories. 
<h2 id="why-secondaries">Why Secondaries?</h2>
Diversification Across Maturity Stages 
Primary investments are inherently speculative, focused on startups in early growth phases. Secondaries allow investors to complement these high-risk bets with shares in later-stage companies. For instance, a balanced portfolio might include early-stage SaaS startups from primary rounds alongside pre-IPO fintech leaders acquired through secondaries. 
Reduced blind pool risk 
In primary rounds, you’re often betting on a company’s future potential. With secondaries, you’re investing in known quantities—startups with established revenues, solid customer bases, and proven business models. This transparency reduces uncertainty and enhances decision-making. 
Faster liquidity 
Secondary investments often involve companies closer to exit events like IPOs or acquisitions. While primary investments may take a decade to mature, secondaries can deliver returns in 2–5 years, resetting the clock for investors seeking quicker capital recycling. 
Access to market leaders 
Many market-leading startups are no longer raising primary funding but offer secondary opportunities through platforms like SeedBlink. These deals provide exposure to top-tier companies that might otherwise be inaccessible. 
<h2 id="portfolio-strategies-for-secondary-investors">Portfolio Strategies for Secondary Investors</h2>
1. Start with a Mix 
Combine <a href="https://seedblink.com/2024-12-10-primaries-vs-secondaries-understanding-the-two-markets-in-startup-investing">primary and secondary investments</a> to create a balanced portfolio. Primaries provide exposure to early-stage innovation, while secondaries add stability and liquidity. For example, if your portfolio includes early-stage investments in AI startups, consider secondaries in established AI unicorns to diversify risk. 
2. Focus on sector trends 
Secondary markets allow investors to capitalize on sector-specific trends. In 2023, for instance, fintech and climate tech dominated secondary deal flow, reflecting broader shifts in venture capital priorities. Aligning your secondary investments with these trends can position your portfolio for future growth. 
3. Leverage discounts 
Secondary shares often trade at a discount to net asset value (NAV). This can be particularly advantageous during market downturns when liquidity pressures lead to more favorable pricing. In 2023, late-stage startups offered average discounts of 10–20%, presenting attractive entry points for savvy investors. 
4. Rebalance regularly 
Use secondary transactions to rebalance your portfolio and free up capital for new opportunities. If a startup’s valuation has plateaued, selling through the secondary market can help you lock in gains and reinvest in higher-growth companies. 
<h2 id="looking-ahead-secondaries-in-2025">Looking Ahead: Secondaries in 2025</h2>
As the secondary market matures, its role in portfolio construction will continue to expand. Industry forecasts suggest global secondary deal volume could surpass $130 billion in 2025, driven by increased demand for liquidity and growing participation from institutional investors. 
In Europe, platforms like SeedBlink are democratizing access to these deals, allowing individual investors to participate alongside institutions. With the rise of dedicated secondary funds and innovations like GP-led transactions, secondaries are poised to become an indispensable part of the venture capital ecosystem. 
Secondaries are a strategic lever for building resilient, high-performing portfolios. By incorporating secondary investments, startup investors can balance risk, access mature companies, and achieve faster returns. 
At SeedBlink, we’ve designed our <a href="https://tech.seedblink.com/secondaries">Secondaries platform</a> to empower investors with access to Europe’s most exciting growth-stage startups. Whether you’re new to secondaries or looking to refine your strategy, the time to reset your clock is now. 
<a href="https://secondaries.seedblink.com/">Explore secondary investment opportunities with SeedBlink. </a>

Building a startup investment portfolio is often likened to planting seeds and patiently waiting for them to grow.

Reset your clock: how startup investors build their portfolio with Secondaries 

HubSpot for Startups recently hosted a webinar on “Fundraising 101,” having as guests <a href="https://ro.linkedin.com/in/eric-bartha-08154810b">Eric Bartha</a> - Head of Financial Services at <a href="https://seedblink.com/">Seedblink</a> and <a href="https://in.linkedin.com/in/nghura">Nilanjay Ghura</a> - Angel Investor &amp; CMO at Nymiz and <a href="https://startupwiseguys.com/">Startup Wise Guys </a>Angels Network, hosted by <a href="https://ie.linkedin.com/in/eoinmcguinness1">Eoin McGuinness</a>, Head of Africa, CEE, &amp; Middle-East at <a href="https://www.hubspot.com/startups">Hubspot for Startups</a>. During this session, the three speakers covered:
<ul>
<li>The role of founder expertise and team composition in securing investment.</li>
<li>Angel investors vs. venture capitalists: Key differences in approach and expectations.</li>
<li>Common red flags investors look for and how to avoid them.</li>
<li>How to structure your cap table to remain attractive to future investors.</li>
<li>Why realistic financial projections matter and how to present them effectively.</li>
<li>The investor mindset: What VCs and angels really look for in early-stage startups.</li>
</ul>
<h2 id="key-factors-in-investment-decisions">Key factors in investment decisions</h2>
Securing funding requires startups to demonstrate a compelling market opportunity and a capable team. Investors prioritize companies with a strong foundation of traction, who provide actual demand in the market, and a team that can execute effectively.
At the same time, they assess the founders&#39; expertise and leadership to determine whether the team can successfully scale the business.
Market traction - the strongest indicator 
Investors prioritize startups with strong customer interest through revenue growth, user engagement, or early adopters actively using the product. They are looking for founders who demonstrate demand for their product, even when the company might not have revenue yet. 
It could include non-paying but engaged users, consistent feedback loops, and clear evidence of market need. A strong product-market fit, reflected in increasing customer adoption and retention, significantly boosts investor confidence.
The role of team and founder expertise 
Investors look for founders with relevant industry experience, a clear vision, and a strong execution strategy. A well-rounded team should include expertise in business development, technology, and operations, ensuring all aspects of scaling are covered.
A well-balanced team with a mix of technical, business, and operational expertise is more likely to navigate challenges and scale the company. Additionally, founders who can articulate their vision and demonstrate adaptability in response to investor feedback stand out.
Eric: “The most obvious factor is market traction, which I find a no-brainer for founders who look at a fundraising round. Put your product out there so I can see how the market pulls you in. This will lead to revenue generation, a larger user base, and interest from the market.
_Depending on the stage of the company, there are different definitions, but it comes down to those signs that show there is a need in the market and that there are customers or users who engage with that product. It can be non-paying users, but they have to be very happy with the product. However, of course, revenue is the number one factor._”
<h2 id="angel-investors-vs-venture-capital">Angel investors vs. venture capital</h2>
Early-stage startups looking to raise funds have multiple options, but two of the most common funding sources at this incipient stage are angel investors and early-stage VCs. 
While both are available to startup founders, they differ significantly in their investment approach, risk tolerance, and involvement in the business. Understanding the distinctions between these types of investors can help startups make the right decisions on their fundraising strategy.
What are angel investors?
<a href="https://seedblink.com/2024-10-21-angel-investment-explained-a-practical-guide-for-founders">Angel investors are individuals</a> who invest their personal money in early-stage startups, typically in exchange for equity. They usually invest smaller amounts, making them suitable for pre-seed and seed-stage companies. 
Apart from financial support, angel investors often provide mentorship, industry expertise, and networking opportunities. Unlike VCs, <a href="https://seedblink.com/2023-07-27-the-winning-edge-in-angel-investing-embracing-the-power-of-long-term-thinking">angels tend to have more patience</a> with their investments and focus on long-term growth rather than immediate high returns. Founders seeking strategic guidance and funding often benefit most from angel investors.
Eoin: “I’ve done around 10 angel rounds in the past five years, and the primary focus has always been how can I add value to that startup?
Money is secondary to the value you can bring them in the early stages.”
Raise funds from angel investors and keep your cap table clean &gt; <a href="https://tech.seedblink.com/raise-hub">check out SeedBlink’s Raise Hub</a>.
What are VC investors? 
Venture capitalists manage pooled funds from institutional investors and high-net-worth individuals. They invest in high-growth startups with scalable business models. VCs typically invest larger amounts and expect a high return on investment within a few years. 
Unlike angel investors, VCs operate as professional investment firms that conduct rigorous due diligence before funding startups. They may also provide operational support but primarily focus on financial performance. Because of their structured investment strategy, VCs are best suited for startups with proven traction, clear revenue models, and aggressive scaling plans.
Nilanjay: “Angels and VCs are fundamentally different. The right angel investor—especially one from your industry—can bring real value beyond just capital. If you find an angel with relevant experience and connections, they can help you land customers and accelerate growth.
Venture capital, on the other hand, is a different game. There are early-stage VCs who focus on the team and MVP, and then there are growth-stage VCs who care only about scaling. At the early stage, VCs may provide funding and help with future rounds, but they often lack industry-specific expertise or connections. Unlike some angels, they rarely assist with operations or sales.
That’s why I often recommend founders look for strategic angels in the early days—investors who bring more than just money but also networks, experience, and customer access.”
<h2 id="red-flags-that-investors-hate">Red flags that investors hate</h2>
Investors evaluate startups based on clear, measurable factors. Certain <a href="https://seedblink.com/2024-02-01-4-red-flags-that-make-startup-investors-think-twice">red flags indicate fundamental problems</a> that reduce a startup’s chances of securing funding. 
These issues typically fall into four main categories: team dynamics, equity structure, financial projections, and product-market fit. Addressing these concerns early increases the likelihood of investment.
Poor team dynamics 
Investors assess whether a startup’s team can execute its business plan. A common red flag is an unclear division of responsibilities among <a href="https://seedblink.com/2024-06-03-the-founder-factor-on-startup-success-solo-vs-co-founders">co-founders,</a> leading to inefficient decision-making. Investors may hesitate if a startup lacks a clear leader. 
Eric: “The team is undoubtedly one of the top three most important factors in building a successful company. It’s about more than just industry expertise—it’s about having the right mix of skills to scale a business to the billion-dollar level. A strong founding team should be complementary, covering technical, business, and people skills.
Not every role needs to be filled at the early stage, but there must be a critical mass of key individuals who can drive the company forward. As the company grows, each stage requires new layers of leadership.”
Nilanjay: “Showcasing your team in your pitch deck is always a good idea. The key question to ask is: why did they join the startup? 
Early-stage employees aren’t getting industry-standard salaries, so if money isn’t the motivation, what is? Do they believe in the product? Are they driven by the vision? Understanding this can be a huge plus during fundraising and pitch sessions.”
Motivate your key team with equity &gt; <a href="https://tech.seedblink.com/esop-management">start an ESOP today.</a>
Broken cap tables
Equity distribution affects future fundraising potential. Investors look at cap tables to ensure you have <a href="https://seedblink.com/2024-02-20-6-common-cap-table-problems-in-vc-fundraising-1-2">not given away too much equity</a> in early rounds, leaving little incentive for key hires and future investors. 
Startups that have allocated large percentages to early advisors or <a href="https://seedblink.com/2024-07-08-divestment-dead-equity-how-do-you-manage-your-cap-table-in-unusual-situations">departed co-founders</a> may struggle to attract new investors.
Nilanjay: “The thing with red flags is that there’s no universal pattern, but a few stand out. One is having too many co-founders on the cap table without clear decision-making authority. 
If four co-founders all look happy on a call, but no one has the final say when tough decisions arise, that’s a challenge.”
Founder defensiveness
Beyond equity, investors also assess the founding team’s decision-making structure and ability to take feedback. A lack of clear leadership among co-founders can be a red flag, as can a defensive attitude when receiving constructive criticism.
Nilanjay: “When founders pitch and receive feedback—especially during demo calls—how they react matters. If they can’t take constructive criticism or get overly defensive, that’s a no-go for me. 
I always clarify that I’m not an industry expert, just offering an outside perspective, but if they react negatively, it’s a sign of trouble. I might love the product, but I&#39;ll back off if I don’t like the founder’s attitude.”
Unrealistic financial projections 
Investors look for realistic revenue projections based on measurable growth patterns. A major red flag is when startups predict exponential revenue growth without a clear plan or clear market signals for achieving it.
If you are fundraising, look for ways to demonstrate how you will reach projected milestones using historical data, customer acquisition costs, and realistic scaling strategies. Overestimating revenue or underestimating expenses can affect potential investors&#39; confidence in you and your company.
Nilanjay: “At the very early stage, we don’t expect a fully fleshed-out long-term financial plan, but we do look for a basic understanding of revenue drivers. What matters is whether you can articulate the assumptions behind your financial projections. 
It doesn’t have to map out the next 10 years—frankly, even predicting year one accurately is tough—but your numbers need to make sense.”
Weak product-market fit 
Investors avoid startups that cannot demonstrate traction or customer engagement. A lack of paying customers, high churn rates, or an untested market are signs that a startup is not ready for investment.
Investors are unlikely to commit funds if a startup cannot clearly articulate how its product solves a pressing problem.
For more insights, <a href="https://youtu.be/FEZhArRYp2A">watch the whole HubSpot for Startups webinar on Fundraising 101 here.</a>
<iframe width="560" height="315" src="https://www.youtube.com/embed/FEZhArRYp2A?si=O6wkFo66Km8wxufq" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

<h2 id="stay-connected">Stay connected!</h2>
For more insights, check out our <a href="https://tech.seedblink.com/fundraising-101">Fundraising 101</a> from SeedBlink, a dedicated learning center designed to help early-stage startups understand the fundraising process. It provides structured resources, including expert insights, step-by-step guides, and best practices on investor relations, financial planning, and funding strategies. 
Additionally, you can subscribe below to our newsletter, and stay tuned for similar updates and insights into European startup news, equity trends, VCs, and investment opportunities.

Discover key insights from the recent HubSpot for Startups webinar with experts from SeedBlink & Startup Wise Guys. Learn what angel investors look for, common red flags, and how to position your startup for your next fundraising round.

Angel investment insights: key factors in early-stage investments 

By seamlessly translating and adapting music without compromising its authenticity, Moozz offers a solution to one of the music industry’s biggest challenges: language barriers.
Eduardo García y García Travesi, Co-Founder and CFO of Moozz, brings a wealth of expertise in finance and innovation. His career includes serving as CFO for a major Mexican media conglomerate and leading an ed-tech startup to a $100 million valuation across Latin America. With degrees from Southern Methodist University and Nebrija University in Madrid, Eduardo combines strategic vision with operational expertise to drive Moozz’s mission forward. His passion for technology and his track record in scaling startups make him a key force behind the platform&#39;s success.
With a $30 billion music industry poised for transformation and a clear vision to unlock new horizons for artists worldwide, Moozz is redefining how music is created and consumed on a global scale.
1. What inspired you to co-found Moozz, and how does your background in finance influence your vision for the platform?
The co-founding of Moozz was driven by a passion for music and a recognition of the challenges artists face in today&#39;s landscape. My background in finance provides a strategic framework for our platform, allowing us to approach challenges with a business-oriented mindset. This perspective enables us to identify opportunities for growth and sustainability within the music industry, ensuring that our solutions are not only innovative but also economically viable.
2. How does Moozz&#39;s AI technology preserve an artist’s original tone and style during the translation process?
Moozz employs a proprietary AI model designed to preserve an artist’s original tone and style during the translation process. This technology meticulously maintains the integrity of vocals, pitch, and tone, addressing the complexities inherent in language differences. Our AI ensures that syllables align with the pitch of the song, allowing for seamless translations that resonate with audiences across different languages.
3. What challenges are you addressing for artists and labels in a competitive, multilingual market?
In an increasingly competitive and multilingual market, artists and labels face significant challenges due to content saturation. The rapid proliferation of AI-generated content threatens to overwhelm leading languages such as English and Spanish. To counter this, Moozz empowers artists to transcend borders, facilitating access to untapped markets like China, which boasts over 1 billion potential listeners.
4. How does Moozz differentiate itself from other music AI platforms?
Moozz distinguishes itself from other music AI platforms through our commitment to responsible AI practices. We prioritize copyright recognition and actively collaborate with artists to ensure fair compensation for their work. Our unique technology not only aids in expanding their reach but also fosters a collaborative environment where creativity thrives.
5. Can you share insights from your beta testing phase, including feedback from early adopters?
As we prepare to launch our mobile app, which allows users to create beats, add music to videos seamlessly, and share live sessions, we are focused on gathering insights from our beta testing phase. Early adopters have provided valuable feedback that has informed our development process. Fundraising efforts are directed towards enhancing our music translation technology, which we anticipate will be a significant revenue driver. Our stable beta app is poised for growth as we partner with more artists and broaden our offerings for creators.
6. What are the key milestones on Moozz&#39;s roadmap?
Moozz&#39;s roadmap includes several pivotal milestones:
<ul>
<li>Beta Launch: Successfully introduced our mobile app.</li>
<li>Strategic Partnerships: Collaborations with SACM Mexico, Ocesa Siedtrack, and Soundcloud.</li>
<li>Technology Development: Initial focus on B2B solutions followed by scaling to B2C offerings, ensuring a seamless user experience.</li>
</ul>
7. How do you envision Moozz’s role in shaping the future of music creation and distribution globally?
In the coming years, we envision Moozz playing a transformative role in music creation and distribution. Imagine opening a platform like Spotify and selecting your preferred language for music consumption—this is the future we are working towards.
8. Why should investors see Moozz as a compelling opportunity?
Moozz presents a compelling opportunity for investors due to the expansive potential of the global music market. With over 100 million songs available and the capability to translate into eight languages, we estimate a total addressable market (TAM) exceeding $2 billion at $25 per translation. Moreover, our technology can be integrated into existing music production platforms like Soundcloud, enabling creators to produce content in multiple languages while expanding their market reach. Our royalty model offers labels a no-upfront-cost solution, creating multiple revenue streams that enhance profitability.
<a href="https://investors.seedblink.com/invest/moozz/271">Explore the opportunity on SeedBlink.</a>

Moozz, a Switzerland-born music tech platform, empowers artists and labels to reach global audiences through advanced AI tools. 

Breaking language barriers in the music industry

Studies have shown that approximately <a href="https://publications.aap.org/pediatrics/article-abstract/144/2_MeetingAbstract/58/3199/Infant-and-Toddler-Sleep-Parent-Perceived-Problems">30% of parents report sleep issues</a> during their infants&#39; early years, driving demand for innovative solutions in a growing industry. According to the <a href="https://dataintelo.com/report/baby-sleep-product-market">Data Intelo report</a>, the global baby sleep product market was valued at approximately $6.5 billion in 2023 and is projected to grow to $10.2 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.4% over the forecast period. 
This growth highlights the increasing awareness among parents about the importance of infant sleep and the rising demand for effective, user-friendly, and sustainable solutions in this rapidly evolving market, one that has seen significant innovation yet remains poised for even greater transformation. 
<h2 id="understanding-the-market">Understanding the market</h2>
The baby sleep solutions market includes products and services designed to help infants fall asleep faster, stay asleep longer, and promote healthy sleep patterns. From traditional items like swaddles and white noise machines to high-tech innovations like app-controlled monitors and smart bassinets, companies are racing to address the needs of sleep-deprived families. 
Despite all the advances, many existing solutions are still too expensive or overly complex, leaving significant room for affordable, accessible, and user-friendly innovations. With the increasing parental awareness of sleep&#39;s importance for their children’s development and the rise of eco-conscious consumers, the baby sleep solutions market is poised for a new wave of transformation. 
<h2 id="paulico-a-differentiator-in-the-market">PAULI&amp;CO: a differentiator in the market</h2>
PAULI&amp;CO, a startup from Germany, is a rising star in the baby sleep solutions industry. Driven by the founder’s own experience and the unmet needs of modern parents, the startup created a range of innovative products, designed to simplify and enhance the sleep experience for both infants and their parents. 
Having an award-winning design (winner of the Red Dot Design Award in 2023) and focusing on safety, PAULI &amp; CO developed a first-of-its-kind app-controlled hammock motor, that integrates hardware and software seamlessly, offering features like customizable rocking motions, various speed levels, and personalized settings to suit the baby’s needs. The app allows parents to control these features remotely, making it very convenient, especially during the night. 
With safety being the number one priority for any parent, PAULI&amp;CO integrated safety measures, such as automatic shut-off timers, and ensured that their products meet all requirements for safety standards, being tested by DEKRA’s Institute for Materials Technology and Failure Analysis. 
The startup has a strong focus on sustainability too, with all their products being made from OEKOTEX Standard 100 certified materials, organic cotton, natural wool, and recycled plastics, addressing the needs of a growing segment of <a href="https://www.innovamarketinsights.com/trends/european-consumer-trends-sustainability/">eco-conscious consumers</a>. 
Multi-material 3D printing is another advantage for the company, allowing for rapid prototyping, fast-tracked implementation of new design features, or even product customization that can be done in a matter of days. 
One of the main issues in the baby sleep market is the high cost of premium quality products, but PAULI&amp;CO addresses that problem by offering affordable solutions for their clients, without compromising on quality or functionality, through their “second life” program and the option of renting their products. 
Having sold over 2,000 units and building a strong distributor network, through partnerships in the UK, France, Scandinavia, South Korea, Japan, and Australia, and retailers like BabyOne, Baby Walz, and OTTO, the company is positioned for global scaling. 
<h2 id="investment-opportunity">Investment Opportunity</h2>
With €400,000 in revenues for 2024 and reaching a break-even point at €50,000 in monthly net sales, PAULI &amp; CO has an active<a href="https://investors.seedblink.com/invest/pauli-co/333/"> investment round on SeedBlink</a>, giving investors the chance to be part of the future in the rapidly growing baby sleep solutions market. 
The company is led by Nico Dannenbring - CEO &amp; Founder, of strategic marketing and change management, Elisabeth Hanke - COO &amp; Founder, of logistics, production, and business analysis, Fabian Benzin -CTO, mechatronics and 3D printing, backed by Dr. Helge Sachs – the first business angel and investor. 
With a total addressable market in the DACH (Germany, Austria, Switzerland) of €30-40 million annually, the company plans for global expansion. Funds raised will be directed toward marketing, scaling production through outsourcing, and further refining the product portfolio with new options like smart home integration and baby health monitoring. 
The baby sleep products market is evolving rapidly, and PAULI&amp;CO stands out with its pioneering app-controlled hammock technology, commitment to sustainability, and user-friendly approach. As families increasingly seek affordable and innovative sleep solutions, PAULI&amp;CO is perfectly poised to capture significant market share in a €10.2 billion industry. 
<a href="https://investors.seedblink.com/invest/pauli-co/333/">Explore PAULI &amp; CO’s round materials</a> and join the movement to transform how families experience sleep.

Every night, millions of parents struggle with one universal challenge: getting their babies to sleep.

Baby sleep solutions: trends, innovations, and market growth 

<h2 id="have-you-heard">Have you heard?</h2>
January 2025 Portfolio updates | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Def4fa24a17%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192416391%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=WD4PTeql8Y1jXIISEBpe6lnCd1n0WVoZ3FFFlBEsrz8%3D&amp;reserved=0">Read more</a>
Discover more about the startups in our portfolio through a curated selection of their latest press highlights. Also, most have already shared their quarterly reports—check these out directly in your portfolio for in-depth updates.
2024 worldwide venture world | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dcb1ad1ad53%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192440583%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=XTuHtb1v8mcVAsl2Wa8Wa7mDlRaz84IN0YlvJ9uYTgg%3D&amp;reserved=0">Read more</a>
Startups raised $330B in venture capital in 2024. Global venture capital was up 6% year on year. Six of the top 10 tech hubs by venture capital in 2024 are in the US.
Fewer, but bigger | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dcb1ad1ad53%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192440583%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=XTuHtb1v8mcVAsl2Wa8Wa7mDlRaz84IN0YlvJ9uYTgg%3D&amp;reserved=0">Read more</a>
Europe inked fewer, but bigger, M&amp;A deals in 2024. Deal value continued to grow quarter-over-quarter, up 25% in Q2, as large-cap deals were spurred by central banks across Europe lowering interest rates.
Generative AI’s environmental impact | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D0469baa363%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192477006%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=uhpZzBD6uCT2dytYI%2FT11X792uOwUASHRX%2BFTf5Tst4%3D&amp;reserved=0">Read more</a>
Rapid development and deployment of powerful generative AI models comes with environmental consequences, including increased electricity demand and water consumption. 
Podcast of the week: Tech to Enhance Human Brain - <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D578a1ea0d9%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192492531%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=C2%2FTELBKixTLf85w3xUka%2FKlmfR49VFcXnDy1%2FtGGBY%3D&amp;reserved=0">Tune in</a>
In this Huberman Podcast episode, Dr. Matthew MacDougall, head neurosurgeon at Neuralink, explores cutting-edge advancements in neural implant technologies and robotics. These innovations aim to restore mobility in paralysis and movement disorders, repair brain circuit malfunctions, and enhance human cognition and communication. 
<h2 id="seedblink-ventures">SeedBlink Ventures</h2>
Co-invest alongside top-tier investors in tech startups. 
Primaries spotlight: <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D03f0ff9c41%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192506956%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=zZ0yeYcn3M0g9kihShvOrrjODyMh7ifwrVkcAoiQ1tw%3D&amp;reserved=0">Alcatraz AI</a>, the AI-powered facial authentication startup, is raising its Series B, led by BlackPeak Capital. 
12 companies are actively raising now. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D9754d56916%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192522393%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=Te5jWlXiP9smYOmIZgZLBuLXkFmdHTBMZkmqVs0Qz6I%3D&amp;reserved=0">Explore them.</a>
Portfolio updates: your insights, our priority
Startups financed via SeedBlink have started sharing their Q4 2024 updates. Explore their progress and key metrics in your portfolio under Insights &amp; KPIs, Documents, or Founder’s Updates. 
On the Bulletin Board: Take control of your portfolio with SeedBlink&#39;s Secondary Market. Buy or sell shares in 45 promising tech startups—no minimum ticket required. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D2290db4276%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192542672%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=kZZoG2xsoIuZXACs59FwWhUAJpj4yIyzN2Imf9axqas%3D&amp;reserved=0">Explore your opportunities</a>. 
<h2 id="community-events">Community events</h2>
Learn all about specific startups and the bigger tech picture.
Monday - February 3rd - 4PM CET - online 
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D70d10ddb1b%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192579626%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=4mlT7zdlgPvSbepqo0MFiKJgcfV5ETAiMqhV1aADBPY%3D&amp;reserved=0">Fire Pitch with Pauli &amp; CO</a>- Join us for an insightful webinar on Monday, February 3rd at 4 PM, as we delve into the innovative world of baby sleep solutions with Nico Dannenbring, CEO &amp; Founder of PAULI &amp; CO. 
<h2 id="seedblink-secondaries">SeedBlink Secondaries</h2>
Early-liquidity solutions for investors &amp; employees.
Secondary deals enable you to invest in later-stage companies by purchasing shares from existing shareholders outside of an official funding round. Active now: 
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D31aa3b0a1e%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192596924%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=XEjmryk8mzkWqo28HpzcrpLONqNtK%2FhRy4POv64h%2BYw%3D&amp;reserved=0">.lumen</a>: glasses for the blind | Landmark year with record-breaking raise, commercialization in sight, and global showcases (Toyota Mobility Foundation, Amazon Web Services, NVIDIA, CES). </li>
</ul>
Offering: €17.09/share (post-money valuation: €38M). 
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D5daeb2f0b0%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192614717%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=UfMHRLqNL1SjCgDyOkoxextqvf3MWQ5fyQPJJPjr4EU%3D&amp;reserved=0">Bolt</a>: urban mobility, redefined | Operating in 500+ cities across 45+ countries. With over 150 million users and a €2 billion annual revenue milestone achieved in 2024. </li>
</ul>
Offering: €230/share (€6.63 billion valuation—a 10% discount from its 2022 value). 
<h2 id="seedblink-syndicates">SeedBlink Syndicates</h2>
Pool capital, aggregate shareholders and simplify governance.
Streamline your investment process by creating a syndicate with <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D3ba16cde7c%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192630854%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=uL4dLNFbXG3usyXA1aquu3K8h2YhO9wyv1RSqAryZwI%3D&amp;reserved=0">Raise Hub</a>. Utilize SeedBlink&#39;s Nominee infrastructure to simplify operations, cut costs, and remove complexities.
Set up your round with flexible minimum tickets ranging from €1,000 to €1,000,000. Consolidate shareholder voting rights and streamline governance to expedite future funding and corporate updates. Concentrate on investing, while SeedBlink manages contracts, signatures, payments, and compliance. 
<h2 id="seedblink-equity">SeedBlink Equity</h2>
Equity management, stakeholder governance and portfolio tracking.
Stock options are designed to attract top tech talent to the challenging and often less lucrative world of startups by offering a potentially substantial reward. They hold the promise of a significant payout when the company&#39;s value increases, recognizing the employees&#39; contributions to its success.
We&#39;re committed to facilitating the <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D99fea29b7e%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7C82a6f410f70d4cd3e56608dd44249a76%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638741646192646389%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=x5aGfdlrMy82%2Foql0TbCAOdmixHsB8mGmowZptnqNYc%3D&amp;reserved=0">design &amp; management of ESOPs</a> and expanding equity ownership across Europe.

While some are securing major investments and partnerships, others face market challenges. Here’s a closer look at the latest developments. 
Alcatraz AI is <a href="https://www.prweb.com/releases/rick-nee-joins-alcatraz-ais-executive-team-as-chief-revenue-officer-to-scale-company-to-meet-the-growing-demands-in-security-market-302350202.html">strengthening its leadership team</a> with the appointment of Rick Nee as Chief Revenue Officer. The move comes as the company looks to scale its AI-powered biometric access control solutions to meet increasing global security demands. 
Bright Spaces lit up the Proptech space, pitching to<a href="https://www.linkedin.com/events/7276167097045381120/"> Danube Angels in an exclusive investor event</a>. With clients in six countries and a 730% growth over the past three years, the Romanian SaaS startup is redefining how we interact with real estate through AI-powered 3D digital twin technology. 
Dronamics showcased its cargo drone solutions at <a href="https://www.linkedin.com/posts/dronamics_next-stop-the-retail-summit-saudi-activity-7287831817896759296-hIDt?utm_source=share&amp;utm_medium=member_desktop">The Retail Summit in Saudi Arabia</a> on January 27-28. As logistics evolves, Dronamics is proving that autonomous air freight is not just a dream—it’s the future. 
Finqware is proving that <a href="https://qwer.ro/open-bankingin-romania-is-no-longer-just-a-regulatory-requirement-but-a-success-story-its-a-model-for-other-countries-to-follow-says-finqware">open banking</a> in Romania is more than just regulatory compliance—it’s a model for other markets. With account-to-account payments skyrocketing from 200 to 9,000 per month in 2024, and a transaction volume nearing €90 million in December alone, Finqware is redefining financial connectivity in the region. 
Licenseware has earned a spot in <a href="https://www.linkedin.com/feed/update/urn:li:activity:7287461073937420288/">Gartner’s latest Market Guide</a> for Software Asset Management Tools. Being recognized in this influential report reinforces its growing presence in the software management space and its impact on optimizing IT assets for businesses worldwide.
.lumen secured a major win at <a href="https://therecursive.com/romanian-lumen-cornel-amariei-investment-early-vc-eic-5m/?utm_content=322385171&amp;utm_medium=social&amp;utm_source=linkedin&amp;hss_channel=lis-kTFRRPvquo">CES 2025 in Las Vegas</a>, claiming the top prize at the US Army’s $10,000 pitching competition. The Romanian startup, which develops AI-powered glasses for the visually impaired, is gaining international recognition for its scalable alternative to guide dogs. On the funding side, .lumen successfully raised €5M in a round led by Catalyst Romania, with co-investment from the European Innovation Council &amp; Tigrim Capital. 
Swisspod Technologies is picking up<a href="https://www.linkedin.com/posts/denistudor_hyperloop-pueblo-colorado-activity-7282397053924610050-yndC?utm_source=share&amp;utm_medium=member_desktop"> speed in the hyperloop race,</a> with Colorado Governor Jared Polis visiting its testing facility in Pueblo. With strong support from local leaders, Swisspod is accelerating the future of high-speed, sustainable transportation. 
Undelucram.ro <a href="https://www.forbes.ro/lectii-pentru-2025-costin-tudor-undelucram-ro-este-esential-ca-romania-sa-isi-mentina-angajamentele-europene-si-internationale-425445">CEO Costin Tudor</a> emphasizes Romania’s need to uphold its European and international commitments in 2025. As the largest employer review platform in the region, Undelucram.ro plays a crucial role in shaping workplace transparency and employer branding. 
The startup ecosystem remains as dynamic as ever, with exciting wins, new opportunities, and a few tough lessons along the way. As we step into 2025, we at SeedBlink are committed to supporting visionary founders in their journey to success. 
If you’d like to connect with or support these forward-thinking startups, reach out to us at <a href="mailto:&#x69;&#x6e;&#118;&#101;&#115;&#x74;&#x6f;&#114;&#115;&#64;&#115;&#101;&#101;&#100;&#98;&#x6c;&#x69;&#x6e;&#107;&#x2e;&#99;&#111;&#x6d;">&#x69;&#x6e;&#118;&#101;&#115;&#x74;&#x6f;&#114;&#115;&#64;&#115;&#101;&#101;&#100;&#98;&#x6c;&#x69;&#x6e;&#107;&#x2e;&#99;&#111;&#x6d;</a>.

Startups across Europe continue to push boundaries, driving innovation across industries—from real estate and fintech to security and sustainable transport.

Investor Insight: January 2025 portfolio updates

Equity compensation—be it stock options or restricted shares—has become the currency of the startup world. For employees, it’s the promise of owning a slice of the dream they’re building. For founders, it’s the reward for taking on the immense risk of starting a business. But what happens when those options are locked up, illiquid, and seemingly out of reach? Enter the secondary market.
The rise of secondary transactions has redefined how employees and founders can unlock the value of their equity without waiting for an IPO or acquisition. Here’s how to approach the market strategically, weigh your options, and make the most of your shares. 
<h2 id="why-liquidity-matters">Why liquidity matters</h2>
Equity compensation often forms a significant part of total pay at startups, particularly in the tech sector. But holding stock or options can feel like sitting on a treasure chest you can’t open. This is where the secondary market becomes crucial—providing a way to monetize equity without affecting the startup&#39;s operations or ownership structure.
In 2023, nearly 45% of secondary transactions globally were motivated by employees and founders seeking liquidity. With startups delaying IPOs due to market uncertainty, this trend is expected to grow.
<h2 id="your-options-with-options">Your options with options</h2>
1. Selling Through Secondary Markets 
Secondary sales involve selling some or all of your vested shares to a third-party buyer. Platforms like SeedBlink facilitate these transactions, connecting sellers with institutional and individual investors looking for mature startup equity. 
<ul>
<li>Pros: Potential for fast liquidity and flexibility to manage personal finances. </li>
<li>Cons: Shares are typically sold at a discount to their perceived value, this type of events being usually planned between rounds.</li>
</ul>
2. Exercising and selling 
For employees holding stock options, you must first exercise your options (buying the shares at their strike price) before selling them on the secondary market. This route requires upfront cash but can offer significant returns if your company is performing well. 
<ul>
<li>Pros: Realize the full value of your equity and avoid further dilution risks. </li>
<li>Cons: Exercising can trigger tax obligations, including income and capital gains taxes. </li>
</ul>
3. Negotiating direct buyouts 
In some cases, companies or existing investors may offer to buy back shares from employees or founders. This often happens during new funding rounds or as part of a company’s liquidity program. 
<ul>
<li>Pros: Streamlined process with less risk of external buyer negotiations. </li>
<li>Cons: Limited pricing power—buyers often dictate terms. </li>
</ul>
4. Holding out 
Sometimes, the best option is to wait—especially if your company’s valuation is likely to grow or if IPO plans are on the horizon. The trade-off? Illiquidity and the risk of changes in company performance. 
<ul>
<li>Pros: Potential for higher returns if the company performs well.</li>
<li>Cons: Opportunity cost of locked-up capital. </li>
</ul>
<h2 id="factors-to-consider-before-selling">Factors to consider before selling</h2>
1. Tax Implications 
Exercising options and selling shares can trigger significant tax obligations, from income tax on exercised options to capital gains tax on the sale itself. It’s essential to consult a tax advisor to understand your liability and optimize your strategy. 
2. Discounts on Secondaries 
Shares sold on the secondary market often trade at a discount, with the size of the discount depending on factors like company performance, market conditions, and buyer demand. For example, in 2023, early-stage startups saw discounts of up to 30%, while late-stage companies averaged 10%. 
3. Company policies 
Some startups impose restrictions on secondary sales, including approval requirements or transfer limitations. Always check with your company’s legal team or equity administrator before initiating a transaction. 
4. Market timing 
The broader market environment can impact secondary pricing. For instance, rising interest rates in 2023 led to a slowdown in IPO activity but increased demand for secondary shares of mature startups with solid fundamentals. 
<h2 id="example-the-power-of-secondaries-for-employees">Example: The power of Secondaries for employees</h2>
In 2024, a European fintech unicorn allowed employees to sell up to 20% of their vested shares through a structured secondary sale during a $500M funding round. For employees, this meant significant payouts without waiting for an IPO. For new investors, it provided access to a thriving startup at a fair valuation. And for the company, it meant retaining top talent while bringing in strategic backers. 
At SeedBlink, our Secondaries platform offers structured solutions for employees, founders, and investors alike. Whether you’re exploring liquidity or considering a strategic stake, we’re here to help you make informed decisions. 
Explore SeedBlink’s <a href="https://tech.seedblink.com/secondaries">Secondaries platform</a> for tailored liquidity solutions.
<a href="https://secondaries.seedblink.com/">See active Secondaries opportunities.</a>

Turning shares into cash for employees and founders 

What options do I have with my options?

Raising capital is a tough game. For early-stage founders, it’s not just about presenting a great idea. It’s about communicating it in a way that resonates with investors, builds trust, and inspires action. How you engage with investors, from the initial pitch to post-fundraising updates, can significantly influence the outcome of your efforts.
Remember, fundraising isn’t a one-time event but an ongoing campaign that requires consistent communication and relationship-building to sustain momentum and long-term success. Let’s discover some of the best practices for investor communication below!
<h2 id="1-build-relationships-before-you-need-them">1. Build relationships before you need them</h2>
Successful fundraising starts long before the pitch. Investors often back people they trust, and trust is built through consistent, value-driven interactions over time.
Investors who feel included in your journey are more likely to champion your cause when the time comes. For example, you create touchpoints that engage them by sharing regular updates about your milestones or meeting potential investors at in-person events.
Identify key people in your network, including former colleagues, industry peers, mentors, and friends and family who believe in your vision. Use tools like LinkedIn to expand your network strategically, connecting with individuals who have shown interest in startups like yours or are active in your industry. 
An early outreach can involve informal conversations, sharing updates about your company’s progress, or asking for feedback on your product or pitch. The goal is to build genuine connections, not to ask for investment immediately.
Plant the seeds of anticipation by teasing your fundraising plans without a hard sell. When you launch your campaign, these early relationships can provide the first wave of commitments, establishing credibility and encouraging others to follow.
<h2 id="2-have-a-compelling-narrative">2. Have a compelling narrative</h2>
Investors are not just funding ideas; they are backing founders who can articulate a clear, visionary story about the problem they are solving and the value their solution provides. 
Your narrative must answer three key questions: 
<ul>
<li>What problem are you addressing? </li>
<li>Why is it critical? </li>
<li>Why are you uniquely positioned to solve it?</li>
</ul>
Define your target audience&#39;s pain points. Use data, testimonials, or relatable anecdotes to establish the urgency and relevance of the problem. Then, position your solution to address these issues. Show traction in all forms possible and acceptable for early-stage companies.
<h2 id="3-segment-and-personalize-your-communication">3. Segment and personalize your communication</h2>
In a world of short attention spans, generic outreach is often ignored. Tailoring your message to the recipient&#39;s interests, expertise, and priorities can dramatically improve engagement and conversion rates.
Organize your potential investors in a dedicated segment. Use a CRM or even a simple spreadsheet to categorize contacts by factors like their relationship to you, previous investments, industry focus, or geographical location. 
Personalization goes beyond just inserting a name in an email. It’s about speaking directly to the recipient&#39;s interests. If an investor has a track record of funding green technology startups, highlight how your product aligns with sustainability goals and demonstrate its impact in the space. 
Make your outreach feel authentic and relational rather than transactional. Use LinkedIn to research shared connections or interests that can serve as conversation starters. In your communications, include a reference to previous meetings, events, or shared values to show that you value the relationship, not just the investment. 
<h2 id="4-refine-your-approach-with-data">4. Refine your approach with data</h2>
Data is a powerful ally in fundraising. Data helps you fine-tune your communication, strategy, and overall approach to investors.
Track and measure every interaction you have with investors. Use tools like CRM platforms to log activities such as email opens, website visits, and pitch deck downloads. Metrics like these provide invaluable insights into who is engaging with your materials and how. 
For example, if an investor frequently revisits your pitch deck or responds quickly to emails, they are likely more interested and deserving of prioritized follow-up.
Identify and refine your most effective communication channels. If it makes sense and you are reaching out to many investors, you can even use A/B testing to compare the performance of different email campaigns, social media posts, or outreach methods. 
Beyond outreach, data can guide strategic pivots during your campaign. If you notice low engagement from one segment of investors, you can adjust your pitch to better address their concerns or focus more on segments with higher activity. 
Tools like <a href="https://clearbit.com/">Clearbit</a> or <a href="https://business.linkedin.com/sales-solutions/sales-navigator">LinkedIn Sales Navigator</a> can provide enriched profiles of prospective investors, as they would for potential clients, helping you customize your messaging further based on their professional interests or past investment behavior.
<h2 id="5-use-video-assets">5. Use video assets</h2>
Video is one of the most powerful marketing assets for capturing attention and communicating complex ideas quickly and effectively. In fundraising, where first impressions matter and investors often evaluate numerous opportunities, a well-crafted video can make your pitch stand out.
Amplify your story with visual imagery for better impact. For example, you can use a short storytelling video in your pitching strategy. The video should summarize the problem, your solution, and the potential return on investment. <a href="https://www.pipedrive.com/en/blog/sales-pitch-video">Industry standards</a> recommend a maximum of three minutes in length. 
A strong pitch video should be concise &amp; engaging. It clearly states your unique value proposition. In 1–3 minutes, you can introduce your company, outline the problem you’re solving, present your solution, and highlight key achievements. 
Videos are versatile assets to repurpose on other channels. Share your main pitch video on your crowdfunding platform, website, and social media profiles to maximize visibility. Create shorter clips or snippets for specific audiences, such as Instagram reels or LinkedIn posts to expand your reach. 
<h2 id="6-focus-on-early-commitments">6. Focus on early commitments</h2>
Securing early commitments is one of the most effective ways to build momentum and credibility during a fundraising campaign. When investors see that others have already committed, they feel validated and reduce their perceived risk of investing. 
Begin by reaching out to your inner circle. Share the news with friends, family, close colleagues, angels, and even loyal customers well before your campaign officially launches. The initial contributions from early supporters can act as a foundation, creating the appearance of a successful and desirable investment opportunity when the campaign goes live.
Another effective strategy is to prioritize high-potential leads who can provide larger commitments. Use your expertise to identify individuals or organizations within your network that align most closely with your mission and have a history of early-stage investments.
Use initial commitments to create FOMO among other potential investors. Publicly share milestones, such as the percentage of your funding goal achieved or the number of onboarded investors. A fundraising campaign with visible progress can convince undecided investors to take action, as they might fear missing out on a high-potential opportunity.
<h2 id="7-engage-on-multiple-channels">7. Engage on multiple channels</h2>
Reaching investors requires a multi-channel approach to maximize visibility and engagement. Limiting your outreach to a single platform or medium risks missing valuable opportunities to connect with potential backers. 
Start with core platforms such as LinkedIn. LinkedIn remains one of the most effective tools for engaging professional investors. 
Join relevant LinkedIn groups, participate in discussions, and post updates about your progress. Similarly, consider Facebook groups focused on startups, investors, or niche industries where you can share your campaign and interact with potential backers.
Use traditional PR and media exposure. Announce your fundraising campaign with a press release and amplify it through relevant news outlets, blogs, or industry-focused publications. Then, share articles, interviews, or podcast appearances across your social media and email channels to maintain momentum and expand your reach.
An additional recommendation is to maintain cohesive messaging across all channels. The medium may change, but the core narrative of your campaign should remain consistent, reinforcing your mission, value proposition, and progress. Engaging through multiple channels broadens your reach and provides various touchpoints for investors to learn about your campaign. 
A layered approach builds familiarity and trust, increasing the likelihood of securing commitments and fostering long-term relationships.
<h2 id="8-keep-a-transparent--open-communication">8. Keep a transparent &amp; open communication</h2>
Clear, consistent, and honest communication can build confidence, address concerns proactively, and strengthen relationships. Investors evaluate your product or market opportunity and assess you as a founder and potential long-term partner. 
Transparency also extends to answering questions and engaging in dialogue. Monitor comments on your crowdfunding platform, social media, or email channels, and respond promptly with clear, well-informed answers. Offering FAQs or hosting Q&amp;A sessions can further clarify common concerns, giving investors the confidence they need to commit.
<h2 id="9-plan-your-post-fundraising-communication">9. Plan your post-fundraising communication</h2>
Fundraising doesn’t end when you close the round; in many ways, it’s just the beginning of your relationship with investors. 
Establish a clear cadence for regular updates. Share updates monthly, quarterly, or in conjunction with major milestones. Investors want to know how their capital is being used and the impact it’s creating. 
Beyond standard updates, consider offering your investors exclusive insights. Invite investors to participate in key events such as product launches, annual meetings, or customer showcases. Early access to new products or exclusive perks can make them more involved and loyal to your company.
Tailor your communications to the audience. High-level updates with performance metrics and strategic plans are ideal for seasoned investors, while more detailed operational insights may be helpful for those actively engaged in your company. Use newsletters or even webinars to keep your updates dynamic and engaging. If you have raised funds via an investment platform, leverage it for post-funding<a href="https://tech.seedblink.com/equity-management"> investor governance.</a>
Use post-fundraising communication to prepare for future funding rounds. View your investors as partners in your journey and involve them in your growth narrative. Share what’s happening now, your plans for the future, and how they can contribute to them. 
Don’t leave your fundraising success to chance. Take the first step toward a well-executed, impactful fundraising campaign! Check out also our comprehensive guide on Fundraising for early-stage companies:
<img src="/img/screenshot-2025-01-23-154000.png" alt="">

Master fundraising with best practices in investor communication. Build trust, craft your story, and secure the capital you need.

9 communication hacks for early-stage startup fundraising success

Nico Dannenbring, CEO and founder of PAULI&amp;CO, is a senior innovation manager with a background in the aviation industry. With a Master’s degree in Business Management, specializing in strategic marketing and change management, Nico has always had a talent for bringing disruptive ideas to life. 
Five years ago, Nico identified an opportunity for innovation and growth, so he founded PAULI&amp;CO, bearing in mind the mission to transform how parents and babies experience sleep. And he did it: by combining an innovative design and app-controlled technology, PAULI&amp;CO’s baby hammock redefines the whole parenting experience and drives measurable impact in the baby sleep products industry. 
1. What inspired you to create PAULI &amp; CO? How did you come up with the idea for an innovative baby hammock?
The inspiration came from my personal experience as a parent. Sleepless nights with my twins – Pauline and Moritz – drove me to find a better solution for baby sleep. I realized there was a gap in the market for a product that combined tradition, innovation, and modern convenience. Many parents like me were struggling with finding efficient ways to soothe their babies, and existing solutions often lacked modern features. This led to the creation of our app-controlled baby hammock, which not only soothes babies to sleep but also brings peace of mind to parents by providing them with a reliable and convenient tool. We’ve designed it to be intuitive, safe, and effective, ensuring both babies and their parents can enjoy better nights of rest. 
2. Can you tell us more about your app-controlled baby hammock motor and what makes PAULI &amp; CO unique in the baby sleep market?
Our motor is the heart of our innovation. It integrates hardware and software seamlessly, offering unique features like customizable rocking motions, various speed levels, and personalized settings to suit the baby’s needs. The app allows parents to control these features remotely, making it incredibly convenient, especially during those late-night moments. We’ve also integrated safety measures, such as automatic shut-off timers, ensuring the hammock is as secure as it is functional. Future-ready options, like smart home integration and baby health monitoring, make it a versatile and forward-thinking product. What truly sets us apart is that we’re the first to offer an app-controlled battery-powered motor with these capabilities in this market. The combination of cutting-edge technology and thoughtful design reflects our commitment to enhancing the parenting experience. 
3. Sustainability seems to be a cornerstone of PAULI &amp; CO. How does it influence your product design and operations?
Sustainability is at the heart of everything we do. We’re committed to using eco-friendly and responsibly sourced materials throughout our production process. For example, all our textiles are OEKOTEX-certified, and we’ve applied for GOTS (Global Organic Textile Standard) certification to further demonstrate our dedication to sustainability. Additionally, our wool is sourced locally from Northern Germany, ensuring minimal environmental impact and supporting regional suppliers. Even the small details matter to us, such as using buttons made from coconut shells instead of plastic. Beyond materials, we also collaborate with sheltered workshops to create opportunities for people with disabilities, ensuring our operations have a positive social impact. This holistic approach allows us to innovate for a better world while meeting the needs of parents and their babies.
4. Winning the Red Dot Design Award in 2023 was a major achievement. How has this recognition impacted PAULI &amp; CO?
The Red Dot Design Award was a significant milestone for us. It validated our commitment to innovation and design excellence and positioned PAULI &amp; CO as a premium brand in the baby product market. The recognition boosted our credibility not just with customers but also with potential investors and industry partners. Since receiving the award, we’ve seen increased interest in our products from premium retailers like BabyOne, Baby Walz, and OTTO, as well as positive feedback from parents who value thoughtful design and functionality. It’s a testament to the hard work and passion that went into creating our products and has significantly elevated our brand’s profile in a competitive market. 
5. What trends do you see shaping the future of the baby sleep solutions industry? 
The baby sleep solutions market is evolving rapidly, with personalization, smart technology, and sustainability being the driving forces. Parents are increasingly looking for products that adapt to their babies’ specific needs, whether through customizable features or data-driven insights. Smart technology, like app-controlled devices and health monitoring, is becoming more prevalent as parents seek solutions that provide convenience and peace of mind. Additionally, sustainability is no longer optional; it’s a core expectation. Products need to be made from eco-friendly materials and designed with long-term environmental impact in mind. PAULI &amp; CO is perfectly positioned at the intersection of these trends, and we’re constantly innovating to stay ahead. 
6. What’s next for PAULI &amp; CO? What are your big milestones? 
We have an exciting roadmap ahead. Our primary focus is scaling globally and establishing PAULI &amp; CO as the leading brand for baby sleep solutions. We’re actively expanding our product portfolio to include features like baby health monitoring and smart home integration. By 2025, we aim to capture a 20–25% market share in the DACH region’s (Germany, Austria, Switzerland) spring cradle market. Additionally, we’re working on refining our app to enhance user experience and exploring partnerships with medical institutions to further innovate in baby health monitoring. With a strong distributor network already in place, including partnerships in the UK, France, Scandinavia, South Korea, Japan, and Australia, and retailers like BabyOne, Baby Walz, and OTTO, we’re well-positioned for global scaling. 
7. Why is now the right time for investors to support PAULI &amp; CO? 
The market for premium baby products is experiencing rapid growth, driven by parents’ increasing focus on quality, innovation, and sustainability. PAULI &amp; CO is perfectly positioned with a strong product, proven demand, and a clear roadmap for global growth. We’ve already established a solid foundation, with over 2,000 units sold and recognition from prestigious awards like the Red Dot Design Award. An investment now would enable us to accelerate our scaling efforts, enhance our product portfolio, and solidify our position as a leader in this market. With a total addressable market in the DACH region of €30–40 million annually and plans to expand internationally, there’s a tremendous opportunity for growth and returns for our investors. 
<a href="https://investors.seedblink.com/invest/pauli-co/333">Explore the opportunity</a> on SeedBlink.

PAULI&CO – interview with the founder 

Reinventing the baby sleep solutions market with app-controlled technology 

<h2 id="€78-million-raised-and-4000-european-tech-startups-empowered">€78 million raised and 4,000 European tech startups empowered</h2>
SeedBlink started with a vision to democratize startup investing and make equity management accessible. Five years on, we have raised over €78 million for European tech startups and empowered more than 4,500 companies and 112,000 stakeholders in 125 countries. Our platform has become a critical tool for founders and investors navigating the startup lifecycle from pre-seed to Series B, and beyond.
<h2 id="a-few-words-from-our-founders">A few words from our founders</h2>
&quot;Reflecting on the past five years, the term &#39;rollercoaster&#39; doesn&#39;t even begin to cover it. Transitioning from two decades in banking to the unpredictable world of entrepreneurship has been exhilarating. Unlike the structured world I came from, entrepreneurship requires constant vigilance and a deep commitment to solve problems innovatively. We&#39;ve laid down the infrastructure for a thriving ecosystem for startups in Europe,&quot; said Andrei Dudoiu, CEO of SeedBlink. 
Here&#39;s what keeps us driven:
<ul>
<li>300 startups funded: we&#39;ve ignited innovation across multiple industries, helping bring visionary ideas to life.</li>
<li>4,500 companies use our equity management solutions: gone are the days of managing equity through cumbersome spreadsheets.</li>
<li>Approximately 6,000 jobs created by our Alumni: this is a testament to the cascading effect that well-funded startups have on economies.</li>
</ul>
&quot;Looking ahead, we&#39;re excited to further cement our role in shaping Europe’s tech landscape,&quot; added Andrei Dudoiu, CEO of SeedBlink. 
Ionuț Pătrăhău, Financial Services: &quot;The early years felt like navigating a tornado, but as SeedBlink matures, our path has become more predictable, allowing us to focus on scaling our impact and enhancing our offerings.&quot;
Carmen Sebe, President Board of Directors: &quot;Starting from crowdfunding roots, we&#39;ve grown into a comprehensive platform synonymous with startup financing and equity management. Our mindset? &#39;We are the champions&#39;—reflecting our determination to lead and innovate.&quot;
Radu Georgescu, Chairman of the Board: &quot;In just five years, we&#39;ve built an invaluable network that underscores our belief in the power of community over technology alone. With each step, we edge closer to becoming a pivotal player in the global market, much like a &#39;unicorn&#39; in its significance.&quot;
<h2 id="2024-in-review-a-year-of-strategic-growth">2024 in review: A year of strategic growth</h2>
This past year, we&#39;ve aligned our services with the evolving needs of the European tech ecosystem:
• Introduction of <a href="https://tech.seedblink.com/esop-management">ESOP management and design</a>: attracting and retaining top talent through strategic equity planning.
• Launch of <a href="https://tech.seedblink.com/raise-hub">Raise Hub</a>: equipping founders with strategic tools to streamline their fundraising strategies and engage their own investor networks.
• Expansion into Pre-IPO opportunities and <a href="https://secondaries.seedblink.com/">secondaries</a>: opening doors to mature, high-growth investments.
• Hosted the 3rd edition of the <a href="https://seedblink.com/2024-05-20-the-story-of-tech-investors-academy">Tech Investors Academy</a> alongside a new series of webinars and workshops, offering practical insights tailored for startup founders and investors.
<h2 id="whats-next-for-seedblink">What’s next for SeedBlink?</h2>
As we move into 2025, our focus is on expanding our syndicate support for angel networks, introducing advanced tools for growth-stage founders, and creating new investment pathways. Our commitment is stronger than ever—we&#39;re here to drive forward, build, and innovate, ensuring that SeedBlink continues to be a cornerstone of Europe’s tech ecosystem.
For more details on our journey and insights from our founders, <a href="https://tech.seedblink.com/seedblink-annual-report-5-years-anniversary">download the SeedBlink 5 Years Report</a>.
Here’s to the next five years of innovation and success at SeedBlink! 
<img src="/img/seedblink-5y-report-with-cta_1920x1080.jpg" alt="">

 As SeedBlink celebrates its fifth anniversary, we reflect on a journey of innovation, resilience, and transformative impact on Europe’s tech ecosystem.

Celebrating 5 years of SeedBlink: A reflection from our founders

After the local success of UiPath, Bitdefender, Avangate, and many other startups, Romania has positioned itself as an interesting startup hub in the eyes of international investors, alongside a few other countries in CEE. The country is well known for its IT and software development expertise, providing a solid foundation for startups to innovate and grow.
Startup programs and accelerators contributed to building Romania’s startup ecosystem. While these support pillars went through a transition period - just as the country did in the post-communist era - experts believe that Romania now has a fairly mature and vibrant startup ecosystem. 
These initiatives are stepping stones that nurture early-stage companies, connect them with mentors, and open doors to funding and market opportunities. 
They also help founders refine their ideas, develop strategies, and scale their ventures.
This article introduces Romania&#39;s main startup accelerators, which every founder should know about. It provides essential details to help you navigate the opportunities in Romania’s growing startup ecosystem. 
If you’ve never joined a startup program or worked with an accelerator, this is the perfect starting point to learn about them and explore how they can help you grow your business.
<h2 id="1-bright-labs-incubator-my-make-it-in-oradea">1. Bright Labs Incubator my Make IT in Oradea</h2>
Operated by <a href="https://www.makeitinoradea.ro/">Make IT in Oradea</a>, the <a href="https://brightlabs.makeitinoradea.ro/brightlabsincubator2024">Bright Labs Incubator</a> fosters innovation and entrepreneurship by providing startup mentorship, resources, and funding opportunities. Bright Labs offers a structured program with hands-on workshops, business development sessions, and access to experienced mentors from various industries. 
The incubator is open to startups from diverse sectors, strongly supporting digital transformation and technology-driven solutions.
<img src="/img/bli_firstlaunch-cover-v2.webp" alt="Bright Labs Incubator">
<h2 id="2-cluj-startups">2. Cluj Startups</h2>
<a href="https://clujstartups.com/#">Cluj Startups</a> offers a 3-month applied business program designed to support 30+ startup founders. The program provides practical mentorship, tailored resources, and a collaborative environment to help early-stage startups validate their ideas and develop sustainable business models. 
<img src="/img/cluj-startups.png" alt="Cluj Startups">
<h2 id="3-factory-by-raiffeisen-bank">3. Factory by Raiffeisen Bank</h2>
<a href="https://www.raiffeisenfactory.ro/">Factory by Raiffeisen Bank</a> is a financing and mentoring program designed to help Romanian entrepreneurs and startups realize their business ideas.
Factory by Raiffeisen Bank provides startups with access to funding, tailored mentorship, and strategic guidance, helping them validate and scale their businesses.
<h2 id="4-fix-cluj">4. Fix Cluj</h2>
<a href="https://fixcluj.eu/">Fix Cluj</a> is a dynamic accelerator and coworking space in Cluj-Napoca. It is dedicated to fostering innovation and empowering startups. Focused on building a strong entrepreneurial community, Fix Cluj provides startups access to tailored mentorship, business development resources, and collaboration opportunities.
The accelerator’s programs are designed to help startups at various stages, from idea validation to scaling, and emphasize practical solutions to real-world challenges. Fix Cluj also offers networking events, workshops, and access to a diverse ecosystem of entrepreneurs, investors, and industry leaders.
<h2 id="5-founder-institute-romania">5. Founder Institute Romania</h2>
<a href="https://fi.co/">Founder Institute Romania</a> is part of the global pre-seed startup accelerator of the same name. It is designed to help aspiring entrepreneurs and early-stage founders turn their ideas into fundable and scalable businesses.
The program provides a structured, step-by-step curriculum, mentorship from experienced entrepreneurs, and access to a global network of startup experts and investors.
<h2 id="6-fb-business-accelerator">6. F&amp;B Business Accelerator</h2>
The <a href="https://accelerator.hospitalityculture.ro/en/home/">F&amp;B Business Accelerator</a> is a program powered by the Hospitality Culture Institute, dedicated to fostering innovation and growth in the food and beverage (FMCG) sector. It is designed to support startups and entrepreneurs in developing and scaling impactful solutions tailored to the hospitality and FMCG industries.
The program focuses on startups addressing challenges in food technology, sustainability, product innovation, digital transformation, and customer experience.
<h2 id="7-impacthub-bucharest-acceleration-programs">7. ImpactHub Bucharest acceleration programs</h2>
<a href="https://impacthub.ro/programe-pentru-antreprenori/">ImpactHub</a> is a coworking space and community for entrepreneurs located in Bucharest that organizes a series of startup and acceleration programs for startups. Their initiatives focus on critical areas like climate and sustainability and projects like ClimAccelerator and WE.Circular and agri-food advancements through EIT Food and the Agrifood Innovation Summit 2024.
Social impact initiatives like Innovators for Children and CRAFT promote positive societal change, while programs such as Capsule and She’s Next provide critical business education for entrepreneurs. 
<h2 id="8-innovation-labs">8. Innovation Labs</h2>
<a href="https://www.innovationlabs.ro/">Innovation Labs</a> is a pre-acceleration program designed for students and young professionals in Romania. It is in major cities such as Bucharest, Cluj-Napoca, Iași, Sibiu, and Timișoara. The program offers a collaborative platform for budding entrepreneurs to transform their technical expertise and creative ideas into functional prototypes and viable business models.
It focuses on smart cities, health tech, cybersecurity, digital education, and more. Participants receive guidance from experienced mentors and industry experts while engaging in hackathons and workshops.
<img src="/img/screenshot-2025-01-05-at-20.25.08.png" alt="Innovation labs">
<h2 id="9-innovx-bcr-accelerator">9. InnovX-BCR Accelerator</h2>
<a href="https://www.innovx.eu/">InnovX-BCR</a> offers a structured program tailored to three categories: start-ups, scale-ups, and small and medium enterprises. Participants benefit from mentorship, workshops, networking opportunities, and access to BCR’s extensive resources and expertise.
Backed by <a href="https://www.bcr.ro/ro/persoane-fizice">Banca Comercială Română (BCR)</a>, the program focuses on startups operating in cutting-edge sectors such as cybersecurity, fintech, artificial intelligence, robotics, automation, and digital transformation. 
<h2 id="10-launch-by-how-to-web-google-for-startups-and-innovx-bcr">10. Launch by How to Web, Google for Startups, and InnovX-BCR</h2>
<a href="https://launch.ro/">Launch </a>is a pre-acceleration program created through the collaboration of How to Web, Google for Startups, and InnovX-BCR. Designed to fast-track the growth of early-stage startups in Romania, the program provides entrepreneurs unparalleled access to mentorship, workshops, and funding opportunities.
Launch focuses on startups in technology-driven fields, helping them refine their products, validate their markets, and prepare for investment. With the backing of its global and local partners, Launch offers startups a well-rounded curriculum and hands-on guidance to accelerate their development.
<h2 id="11-orange-fab">11. Orange Fab</h2>
<a href="https://www.orangefab.ro/">Orange Fab Romania</a> is a corporate accelerator program powered by Orange Romania. It is designed to support innovative startups and scale-ups on their journey toward growth and market expansion. 
The program focuses on startups working in smart cities, IoT, health tech, fintech, and digital transformation, providing them access to Orange’s cutting-edge technology, infrastructure, and expertise.
<h2 id="12-risky-business">12. Risky Business</h2>
<a href="https://accelerate.gov.ro/en/entities/risky-business">Risky Business</a> is a pre-seed and accelerator fund in Romania that invests in relentless founders with bold visions. Risky Business is established to support promising early-stage startups with the resources to grow into regional and global, sustainable tech firms. 
It offers intensive, high-quality consulting services focused on product development, scaling, strategy, and financial investment.
<h2 id="13-rubik-hub">13. Rubik Hub</h2>
<a href="https://rubikhub.ro/">Rubik Hub</a>, based in Piatra Neamț, is a leading initiative in North-East Romania dedicated to fostering entrepreneurship and supporting startups at every stage of their journey. Its mission is to develop the local entrepreneurial ecosystem by connecting, educating, and empowering founders to create global businesses.
The hub offers various programs, including workshops, mentoring sessions, pre-acceleration, and tailored startup support. It is a good resource for early-stage entrepreneurs looking to refine their ideas and scale their ventures.
<img src="/img/screenshot-2025-01-17-at-15.59.20.png" alt="Rubik Hub">
<h2 id="14-stepfwd">14. StepFWD</h2>
<a href="https://stepfwd.today/">StepFWD</a>, based in Bucharest, is an accelerator specifically designed to empower early-stage tech startups with diverse teams. The program offers a structured 9-week curriculum that includes workshops, one-on-one mentorship, and access to an extensive network of professionals and entrepreneurs. 
The program creates an ecosystem of learning and collaboration by bringing together experienced mentors, industry experts, and like-minded peers.
<h2 id="15-tech-ventures-startup-incubator">15. Tech Ventures Startup Incubator</h2>
<a href="https://accelerate.gov.ro/en/entities/tech-ventures-startup-incubator">Tech Ventures Startup Incubator</a> is a program designed to nurture early-stage startups and entrepreneurs in Romania, helping them transform their ideas into successful businesses.
Tech Ventures supports startups in validating their ideas, refining their business models, and scaling their operations.
<h2 id="16-techcelerator">16. Techcelerator</h2>
<a href="https://techcelerator.co/">Techcelerator</a> is a startup accelerator that focuses on early-stage technology startups. The program supports innovative projects in FinTech, B2B SaaS, eHealth, PropTech, cybersecurity, AI, and digital transformation.
The program is backed by GapMinder VC, providing startups with initial pre-seed or seed funding of up to €200,000. The accelerator also offers tailored workshops and resources aimed at helping startups refine their products and scale operations.
<img src="/img/screenshot-2025-01-05-at-20.24.55.png" alt="Techcelerator">
<h2 id="17-venture-accel-by-idea">17. Venture Accel by IDea</h2>
<a href="https://myidea.ro/venture-accel/">Venture Accel by IDea</a> is an accelerator program that supports early-stage startups and innovative entrepreneurs in Romania. 
Powered by IDea, the program is designed to provide participants with the tools, mentorship, and resources necessary to scale their ventures and achieve market success.
<h2 id="stay-connected">Stay connected!</h2>
This article is part of a series in which we present the top startup incubators and accelerators across Europe. Stay tuned!
Is your accelerator not included? <a href="startups@seedblink.com">Contact us</a>, and we will add you to the list!

Whether you're launching your first company or scaling an existing one, explore Romania’s top 10 startup accelerators and startup programs.

Top accelerators and startup programs in Romania

Founded by Roman Lauš, Mewery is on a mission to reshape the future of food with its breakthrough approach to cultivated meat. As the first European startup cultivating pork meat on a microalgae base, Mewery aims to create a healthier, scalable, and more sustainable alternative to traditional meat production. With the support of major investors like Credo Ventures and Big Idea Ventures, Lauš and his team are making significant strides toward a new era in food-tech. 
Roman Lauš, founder of Mewery, brings a strong background in food technology and sustainability. Driven by a vision to address the environmental and health challenges in traditional meat production, he has led Mewery from its early days to becoming a pioneer in the cultivated meat space. 
1. What inspired you to start Mewery, and what were those early days like? 
I’ve always had an entrepreneurial mindset. I started in IT, where my company has been running successfully for over 20 years. Along the way, I co-founded a real estate venture, which we eventually exited, and I’ve invested in several startups. Some turned out great; others were lessons learned. 
The real turning point for me came during my time with Future Port Prague. It was the largest Central European event that focused on exponential technologies and future trends that we organized to inspire people to think about what’s next. It gave me a chance to dive deep into cutting-edge innovations. Cultivated meat really stood out to me during that time—it just felt like the right balance of impactful, revolutionary, and achievable. 
When COVID-19 put a stop to events, I spent a lot of time reflecting. The idea of producing meat without slaughtering animals kept coming back to me. It felt like an opportunity to do something meaningful, both for people and the planet, as I have also been a meditation and mindfulness teacher for the last 20 years. My partner Kristýna, who’s a clinical biologist, and I began to explore the science and the business potential. After about eight months of research, we decided to go for it. We brought together some brilliant scientists and launched Mewery. The early days were all about building, learning, and believing that we could actually create something that hadn’t been done before. 
2. How does Mewery’s microalgae co-cultivation method work, and why is it a game-changer? 
The microalgae are really what make us unique. We’re the first company to co-cultivate animal cells with microalgae, and it’s a game-changer for several reasons. 
First, they help us replace expensive chemical components in the growth medium with something natural and sustainable. That alone is a big cost and environmental win. Second, we’ve figured out how to use microalgae to produce growth factors in-house, which saves money and avoids relying on external suppliers. Third, and this is key, they enable what we call scaffold-free cultivation. Normally, you need a structure to grow cells on, but our microalgae naturally create structured aggregates with the cells. 
The microalgae also do something amazing—they perform photosynthesis during the process, providing oxygen to the cells and reducing cell death, especially in later stages of growth. That’s huge for scalability. On top of that, they bring added nutrition, color, and even a longer shelf life to the final product, thanks to their natural antimicrobial properties. 
3. What are the main benefits of your product compared to conventional meat? 
For one, it’s cleaner. There are no antibiotics and no ethical concerns tied to slaughter. Nutritionally, it’s superior—we can enrich it with vitamins, minerals, and proteins based on what consumers need. And then there’s sustainability. Producing meat with this method requires significantly fewer resources, like water and land, compared to traditional farming.
4. How did you secure early support from investors like Credo Ventures and Big Idea Ventures? 
We started with my personal funds. Those first experiments were just about proving that the concept could work. Collaborating with the Academy of Sciences and Mendel University helped establish credibility early on. Big Idea Ventures came into the picture after months of rigorous due diligence. When they said yes, it gave us validation and opened doors to the global food-tech ecosystem. 
Credo Ventures saw our potential a bit earlier than expected, which was a big confidence boost. It’s all about building trust and showing that we’re serious about creating something groundbreaking.
5. What kind of interest has Mewery seen from global companies, and how do these partnerships fit into your growth plan? 
We’ve had strong interest from food manufacturers, meat producers, and even consultancy firms, even though we’re still finalizing our bioprocess. These companies are looking for ways to enter this space, and they see us as a partner with innovative IP. 
Our strategy is to work through joint ventures. We want to license our technology and expertise to established players who already have the infrastructure and market access. It’s the fastest and most scalable way to make an impact.
6. What are the next major milestones on Mewery’s roadmap? 
The immediate goal is to optimize our bioprocess within the next eight months and scale production within 200L bioreactor. After that, it’s about regulatory approval and initial tastings. By 2025, we aim to have joint venture partnerships in place and move towards commercial-scale production. Before that, we will build a pilot pre-commercial facility within the Cultured Hub in Switzerland, our scale-up partner in 2026. 
7. Why do you believe Mewery’s approach is essential for a sustainable food future? 
It’s simple. The way we produce meat today isn’t sustainable. The environmental impact is massive, and with the global population growing, we can’t keep doing things the way we’ve always done. 
What we’re doing at Mewery addresses those challenges directly. By combining microalgae with cell cultivation, we’re creating a method that’s not just sustainable but also scalable and customizable. It’s not just about reducing harm—it’s about building a better system from the ground up. 
8. For investors, why is now the right time to support Mewery, and what impact can they expect? 
We’re at a tipping point. Our technology is solid, and the market is starting to wake up to the potential of cultivated meat. Investors who come in now are not just funding a product—they’re backing a movement that’s redefining how we feed the world. 
The returns could be significant, but beyond that, there’s the impact. Supporting Mewery means being part of something that’s good for people, animals, and the planet. 
<a href="https://investors.seedblink.com/invest/mewery/288">Explore the opportunity</a> on SeedBlink.

Interview with Roman Lauš – CEO of Mewery 

Revolutionizing meat with microalgae: Mewery’s vision for a sustainable food future

Casius Morea, CEO and founder of EmailTree.AI, is a serial entrepreneur with over 20 years of experience in the Customer Service industry. Since 1998, Casius has founded 7 companies, with 3 successful exits so far, and 4 others still thriving under his guidance. 
Casius launched EmailTree.AI in 2018, an advanced end-to-end AI-powered email management platform, designed to transform enterprise communication. This solution not only automates email processing but also task execution and customer interactions, increasing workforce productivity by 70%. With a strong focus on security and operational efficiency, EmailTree.AI empowers enterprises to enhance work quality and thrive in today’s fast-paced digital landscape. 
1. You have a long history of entrepreneurship, but what would you say was your first determination for taking this road? 
My first &quot;business&quot; was at 6 years old. During the summer holidays at my grandparents, I brought an aquarium. Neighborhood kids liked it and asked to buy fish, plants, and care advice. I wanted a toy truck, so I sold as much as possible, added advice, and eventually &quot;exited&quot; the business by selling everything to another kid—and got the truck! 
Entrepreneurship is about identifying needs, building solutions, and achieving clear goals. I enjoy the journey and the people I work with. When a team is aligned, reaching goals feels less like work and more like positive energy. 
My motivation comes from my family and client feedback. When that’s positive, success follows naturally. 
What inspired you to create EmailTree.AI? 
In 2003, my e-commerce group needed a way to handle thousands of client emails efficiently. We imagined and built a platform to automate email management. In 2019, while using the first version internally, Orange Benelux showed interest, and Orange Luxembourg became our first enterprise customer.
How does EmailTree.AI’s intelligent email management platform work? What makes it stand out? 
EmailTree.AI breaks down the email management process into small steps, integrating AI and automation to accelerate workflows while keeping humans in control. 
What sets us apart is our enterprise-grade control: on-premise or cloud deployment, data security, customizable models, and &quot;human-in-the-loop&quot; workflows. This makes it ideal for enterprises and government agencies. 
What are the main pain points that EmailTree.AI solves in enterprise email management? What measurable results reflect the impact of your solution? 
We help clients reduce the time spent on repetitive email requests, allowing teams to focus on higher-value tasks. This shift improves job satisfaction and efficiency. 
Our impact is validated by testimonials from clients who have automated routine tasks, enhanced team performance, and turned cost centers into profit centers. Many have even expanded their teams to generate more outcomes. 
What was the biggest challenge you’ve faced so far? What lessons did you learn from overcoming it? 
Building the right team. Soft skills and mindset are key, with hard skills developed over time. 
One mistake was hiring a sales team too early, before our product was scalable. Timing is critical. Founder-led sales are essential until product-market fit is achieved, and a consolidation period follows before scaling the sales team. 
How does EmailTree.AI stay ahead in such a competitive industry? 
We listen closely to clients to offer the right product at the right time, with flexibility and speed of adoption. Our technology evolves continuously, introducing new AI and automation layers. Clients often tell us, &quot;I didn’t know emails could be solved like this.&quot; We focus on creating value and efficiency while respecting security and internal policies. 
What do you think the most important trends in AI and automation are? 
Enterprises need tools that balance automation with human oversight. AI agents and flexible, enterprise-ready solutions will drive adoption, but they must fit specific environments and processes. 
Trends emerge when clients validate new steps at their own pace, making these advancements more than just a passing fashion. 
What are the key milestones on EmailTree.AI’s roadmap? What does the future hold for the platform? 
€1M invoiced in 2024, including multi-year contracts paid upfront, high contract recurrence as validation of our value, and 3-4x YoY growth, scaling through partners. 
We also see significant M&amp;A opportunities in the AI and automation space. A strategic exit in the next 12-15 months is likely, complementing a larger platform. 
For investors, why is now the best time to support EmailTree.AI? 
This is our moment. The market, environment, and client satisfaction are aligning perfectly. 
We are pursuing two paths: 
<ul>
<li>M&amp;A within 12-15 months to complement and accelerate a larger platform. </li>
<li>Seed funding to scale success and prepare for the M&amp;A process. </li>
</ul>
Every euro invested accelerates R&amp;D, enhances our differentiators, and strengthens our ability to secure long-term commitments from clients. 
As we celebrate six years, it feels like a new beginning, with significant opportunities ahead for growth and a successful exit. 
<a href="https://investors.seedblink.com/invest/emailtree-ai/332">Explore the opportunity</a> on SeedBlink.

Interview with Casius Morea – CEO and Founder of EmailTree.AI

Revolutionizing enterprise email management through AI and innovation 

<h2 id="have-you-heard">Have you heard?</h2>
Extinct animals resurrection | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3De58a849073%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269197538%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=SX9TyvRrba%2FrVHWpDPPlhIL0QhTLdPMsz1iehFxvRvc%3D&amp;reserved=0">Read more</a>
Colossal Biosciences reaches a $10.2B valuation with a bold $200M raise to resurrect woolly mammoths and other species. Success could herald a new era in biodiversity restoration and climate action.
Expected unicorn fundraises | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D537ba96673%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269268740%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=TdBNB7yRI5TDcGFuH4OCIouuaIgQNrC5DD2X%2BzscOF4%3D&amp;reserved=0">Read more</a>
Several unicorn companies are poised for potential VC fundraising in 2025. Owkin, Checkout.com, and Sorare, which haven&#39;t raised funds since 2022 and may seek fresh capital amid varying challenges and market conditions.
Enterprise communication 3.0 | <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dcf382cf790%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269317458%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=PFNMNwHDoXjbAebuxgJHXSJLBTCYw4ZL8b4%2B0b%2BRDPM%3D&amp;reserved=0">Read more</a>
Necessity. That’s what Artificial Intelligence (AI) is for every business today. Despite AI advancements, email remains a dominant B2B channel, posing significant security and management challenges. EmailTree is here to address them. 
Podcast of the week | Yuval Noah Harari - <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D2ff2347c35%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269349864%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=pRVil8pkLcdLiwuD2opmj1AsFqXHlNkNiayumb%2BWdq4%3D&amp;reserved=0">Tune in</a>
Explore AI&#39;s societal impacts with historian Yuval Noah Harari in a profound discussion on &quot;alien intelligence,&quot; political dynamics, and embracing change. A must-listen for deep insights into our evolving world. 
<h2 id="seedblink-secondaries">SeedBlink Secondaries</h2>
Early-liquidity solutions for investors &amp; employees.
Secondary deals enable you to invest in later-stage companies by purchasing shares from existing shareholders outside of an official funding round. Active now: 
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D07b5f4ea24%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269378764%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=514aFYlgOChbII8BeopOMZCYZb0qBwOFNyBteiMHvxs%3D&amp;reserved=0">.lumen</a>: glasses for the blind | Landmark year with record-breaking raise, commercialization in sight, and global showcases (Toyota Mobility Foundation, Amazon Web Services, NVIDIA, CES).</li>
</ul>
Offering: €19.31/share (valuation: €38M). 
<ul>
<li><a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D29385d73bd%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269406727%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=eEdKFAhF2VORJEvdoug%2FHdQ5wgK6JkvSCUUNO8xn33I%3D&amp;reserved=0">Bolt</a>: urban mobility, redefined | Operating in 500+ cities across 45+ countries. With over 150 million users and a €2 billion annual revenue milestone achieved in 2024. </li>
</ul>
Offering: €230/share (€6.63 billion valuation—a 10% discount from its 2022 value). 
<h2 id="seedblink-ventures">SeedBlink Ventures</h2>
Co-invest alongside top-tier investors in tech startups. 
12 companies are actively raising now. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dc3e9a3e541%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269434038%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=qbQ20zp8lr5i7loIaE8bZuvYlh0ClcHvqTjQ7ZqaSj4%3D&amp;reserved=0">Explore them.</a>
Primaries spotlight: <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dcedbeccda6%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269460771%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=Z3VqYcwrQt7pKdTzsiXojKK51wl7sW4nvehhYIhxzgo%3D&amp;reserved=0">Mewery </a>is raising €750,000 in a pre-seed round to scale its unique cell-cultivated meat platform leveraging microalgae. Backed by Credo Ventures, Purple Ventures, and Big Idea Ventures.
On the Bulletin Board: Take control of your portfolio with SeedBlink&#39;s Secondary Market. Buy or sell shares in 45 promising tech startups—no minimum ticket required. <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dcf5a7b1b01%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269490569%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=EzY9rglZO3FVeZ5IY12F2rawGSY1PjInG28a5hhUiD4%3D&amp;reserved=0">Explore your opportunitie</a>s.
<h2 id="community-events">Community events</h2>
Learn all about specific startups and the bigger tech picture.
Monday - January 20 - 4PM CET - online
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Dd5fa2f6726%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269520776%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=EtrrQmSG1XRzqCnOB4pVjYOi%2FTP1jV5xzijoCq9oVsw%3D&amp;reserved=0">Fire Pitch with Tapline</a> - Join Dean Hastie, CEO &amp; Founder of Tapline, as he shares how they are transforming growth capital for SaaS and subscription-based businesses with non-dilutive financing and AI insights.
Tuesday - January 21 - 5PM CET - online
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Db5c3cef4a0%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269544994%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=sMqucWdDpJMLle0aNy1SjcA0nW4hgWiTblAb12Y7npU%3D&amp;reserved=0">Fire Pitch with Alcatraz AI</a> - Join Vince Gaydarzhiev, Stanford graduate and former Face ID engineer at Apple, as he shares how Alcatraz AI is revolutionizing access control with AI-driven facial authentication technology. 
Monday - January 27 - 4PM CET - online
🎙️ <a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3D82ff89e768%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269618773%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=hGYYfiLgV8F9WpJ5TwSCqPqDYx8Iizv5DR0JLuHjkYw%3D&amp;reserved=0">Fire Pitch with EmailTree AI</a> - Join Casius Morea, CEO &amp; Founder of EmailTree, as he shares how they automate email processing, task execution, and management. 
<h2 id="seedblink-syndicates">SeedBlink Syndicates</h2>
Pool capital, aggregate shareholders and simplify governance.
Accelerate an investment process by creating your syndicate using Raise Hub. Leverage SeedBlink&#39;s Nominee infrastructure to streamline processes, eliminate complexities, and reduce costs.
<ul>
<li>Create your round and set flexible minimum tickets from as low as €1,000 up to €1,000,000.</li>
<li>Consolidate shareholder voting rights, simplify governance and accelerate future capital raises and corporate changes.</li>
<li>Focus on building your company by letting SeedBlink handle contracts, signatures, payments, and compliance.</li>
</ul>
<h2 id="seedblink-equity">SeedBlink Equity</h2>
Equity management, stakeholder governance and portfolio tracking.
<a href="https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fseedblink.us19.list-manage.com%2Ftrack%2Fclick%3Fu%3D224b34ca20549631ee1243970%26id%3Debda52ae71%26e%3D7eb0388181&amp;data=05%7C02%7Coana.ciurea%40seedblink.com%7Cdbb5b6a1461947fc59cb08dd39244be1%7C918fd975dab94c179397e33d58117c84%7C0%7C0%7C638729550269668687%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=bvAtYt61pqIt8oAuJPT87KlrRgCKE02DAlS6Sthcetk%3D&amp;reserved=0">SeedBlink Equity</a> offers investors a unified platform for managing and observing investments in cutting-edge tech startups across Europe. This centralized hub facilitates a clear overview of your equity stakes, providing essential updates and insights in real-time.
By consolidating all your investment data in one place, we help you maintain a well-informed and strategic approach to your portfolio management.

Welcome to our weekly conversation starter

By focusing on migraine prevention and other neurological challenges, Brightmind.AI offers a novel, effective approach to improving brain health through advancements in neurotechnology.
René Gilvert, CEO of Brightmind.AI, leads the company with extensive experience in the medical and neurotechnology fields. With a career-spanning leadership role at global pharmaceutical giants like Novartis and Takeda, René has been at the forefront of innovative healthcare solutions. His entrepreneurial spirit and passion for improving lives through neurotechnology are driving Brightmind.AI to deliver accessible, life-changing solutions for neurological health.
<h2 id="what-inspired-you-to-launch-brightmindai">What inspired you to launch Brightmind.AI?</h2>
Brightmind.AI was founded by Tamara Gerbert with the vision to address the critical unmet needs in brain health, such as migraines and other neurological conditions, which often remain underdiagnosed or poorly treated. Tamara was driven by the desire to democratize access to effective care, bringing advanced yet simple-to-use therapies into people’s homes to make them more accessible and impactful for patients everywhere.
When I joined as a late co-founder and CEO, I was drawn to this mission by my own experience in leading medical innovation at global pharmaceutical companies. Over my career, I had seen the limitations of traditional treatments and the immense untapped potential of neuromodulation technologies. The barriers patients face—bulky hospital-bound devices, frequent clinic visits, and reliance on pharmaceuticals with side effects—highlighted the need for a different approach. I saw an opportunity to leverage my expertise to drive Brightmind.AI forward and bridge these gaps.
The team we’ve built at Brightmind.AI shares a personal and professional connection to our mission. For example, our CTO, Gregor, is a migraine sufferer who intimately understands the problem we’re solving. My background in dementia care adds another dimension of purpose, rooted in both personal and professional experiences addressing the challenges of neurological disorders.
Together, we are committed to transforming brain health by offering personalized neuromodulation technology that empowers individuals to take control of their health. Our solutions address shortcomings in access, complexity, and affordability, enabling patients to manage their conditions effectively and conveniently from home. By making advanced therapies accessible, we aim to improve lives and change the paradigm of care in brain health.
<h2 id="how-does-brightmindais-personalized-neuromodulation-technology-work-and-what-makes-it-a-breakthrough-in-migraine-prevention">How does Brightmind.AI’s personalized neuromodulation technology work, and what makes it a breakthrough in migraine prevention?</h2>
Brightmind.AI is a platform designed to help manage and treat migraines, and in the future, other brain health conditions like dementia. We do this through cutting-edge, non-invasive brain stimulation, combined with AI-driven insights, to personalize treatments for each individual.
Our breakthrough technology is built around the idea of bringing treatments that are typically done in expensive, bulky hospital settings, right into the comfort of people’s homes. Through a compact, easy-to-use device, patients can manage their condition when and where they need to, without the need for frequent hospital visits.
What makes Brightmind.AI unique is our innovative use of AI and non-invasive brain stimulation to personalize treatment for each patient. We’ve filed patents and have others pending, ensuring that our technology stays ahead in making high-quality care accessible and convenient. Brightmind.AI is the only solution offering this combination of ease-of-use, accessibility, and cutting-edge technology, empowering patients to take control of their brain health from the comfort of their own rooms.
<h2 id="what-challenges-in-brain-health-are-you-addressing">What challenges in brain health are you addressing?</h2>
Brightmind.AI tackles three major challenges in brain health: access, tolerability, and efficacy—critical issues that have long plagued traditional treatment approaches. Neurological conditions like migraines affect over 1 billion people worldwide, significantly impairing productivity, mental health, and overall quality of life. Yet, existing solutions often fall short.
Current treatments rely heavily on pharmaceuticals, which many patients find intolerable due to side effects or inadequate efficacy. For instance, traditional migraine treatments typically reduce the number of migraine days by 30-50%, leaving many patients underserved. In contrast, Brightmind.AI’s home-based neuromodulation solution delivers up to a 3x improvement in reducing migraine days, offering unprecedented efficacy for patients.
Access to care is another critical issue, as traditional neuromodulation devices are bulky, expensive, and confined to hospital settings, requiring multiple visits. Brightmind.AI disrupts this paradigm with a compact, easy-to-use device that empowers patients to manage their brain health conveniently from home.
Our approach doesn’t just stop at migraines. By addressing access, tolerability, and efficacy, Brightmind.AI’s personalized neuromodulation technology holds the potential to expand into other neurological conditions like Alzheimer’s disease. With our innovation, we’re solving problems no one else has been able to tackle, making advanced care accessible, effective, and life-changing for patients globally.
<h2 id="how-does-brightmindai-ensure-its-solutions-are-accessible-and-easy-to-use-for-patients-in-their-everyday-lives">How does Brightmind.AI ensure its solutions are accessible and easy to use for patients in their everyday lives?</h2>
For Brightmind.AI, patient and user needs are at the core of everything we do. From the very beginning, we infused these needs into our DNA by interviewing and surveying hundreds of individuals suffering from brain health conditions. What we heard was clear: people want treatment where they want it, when they want it, and in a way that works for their lifestyle. This insight shaped our commitment to creating a solution that is easy to use, effective, and accessible to everyone, no matter their circumstances.
Our device is designed for simplicity and convenience, requiring just a few minutes per session. It’s as easy as putting it on, pressing a button, and letting the technology do the rest. There’s no need for medical supervision, no drug interactions, ensuring accessibility for all users. Paired with our intuitive mobile app, patients receive step-by-step guidance, progress tracking, and actionable insights to improve adherence and maximize results.
What truly excites us is the clinical superiority (3 times better than standard of care) matched with the speed of results. Unlike other mobile neuromodulation therapies, clinical trials have shown that users can see maximal benefits after just one week of usage, offering immediate feedback on the effectiveness of our device. This quick impact is crucial in building confidence and improving the neurological health of our users.
Affordability is another pillar of accessibility. We’ve developed innovative membership models that make at-home therapy cost-effective and sustainable. Beyond that, we are actively working with healthcare providers and insurers to integrate our device into reimbursement pathways, minimizing out-of-pocket expenses and broadening access to those who need it most.
By focusing on user needs, affordability, and rapid efficacy, Brightmind.AI is delivering on its mission to make advanced brain health solutions simple, accessible, and life-changing for patients everywhere.
<h2 id="what-kind-of-feedback-and-impact-have-you-seen-from-early-adopters-of-brightmindais-services">What kind of feedback and impact have you seen from early adopters of Brightmind.AI’s services?</h2>
“Everyday life can be managed much better. My headaches are definitely less intense, I no longer have aura, no light sensitivity, and no nausea…”
&quot;I can accomplish more and do more than usual, and the migraine doesn&#39;t set in. My general mood is better, and I am more resilient.&quot; 
The feedback from users of our device has been nothing short of transformative. Many report significant reductions in the frequency and severity of migraines, with some experiencing noticeable benefits within just one week of use. Beyond migraine relief, users have shared how Brightmind.AI has helped them feel better overall, with fewer disruptions to their daily lives and greater confidence in managing their health.
Our technology is empowering patients to reduce their reliance on medications that often come with undesirable side effects, offering a safe, non-invasive alternative. By providing rapid relief and a user-friendly experience, Brightmind.AI is improving quality of life, enabling individuals to reclaim their productivity and enjoy their daily activities with fewer barriers.
This real-world impact reinforces the transformative potential of Brightmind.AI’s personalized neuromodulation technology in addressing neurological conditions like migraines and beyond.
<h2 id="what-are-the-key-milestones-on-brightmindais-roadmap">What are the key milestones on Brightmind.AI’s roadmap?</h2>
Brightmind.AI’s roadmap is focused on achieving critical milestones that reflect our commitment to growth and innovation:
<ul>
<li>Clinical validation: Completing large-scale trials to demonstrate the efficacy and safety of our neuromodulation technology, which has already shown promise in reducing migraines in early trials.</li>
<li>Regulatory approvals: Securing FDA clearance and other certifications in key markets, paving the way for commercialization.</li>
<li>Reimbursement pathways: Partnering with healthcare providers and insurers to ensure affordability and broad patient access.</li>
<li>Third-generation device launch: Building on the success of our first two product iterations, we are scaling production for the launch of our third-generation device by 2026.</li>
<li>Expansion of applications: Leveraging our personalized neuromodulation approach to tackle additional neurological conditions like depression and Alzheimer’s disease, expanding our impact on brain health care.</li>
</ul>
<h2 id="for-investors-why-is-brightmindai-a-compelling-opportunity">For investors, why is Brightmind.AI a compelling opportunity?</h2>
Brightmind.AI sits at the intersection of two booming markets: brain health and personalized healthcare. With clinically validated technology and a robust IP portfolio, we address the unmet need for effective, accessible solutions in migraine prevention while laying the groundwork for expanding into other neurological conditions.
Investors in Brightmind.AI are not just funding a product; they are supporting a proven, scalable platform designed to transform brain health. Our third-generation device combines superior efficacy and user convenience, delivering at-home care that surpasses hospital-based treatments. As Dr. Shivang Joshi, a Harvard-trained headache specialist, stated: 
“The non-invasive nature of the Brightmind.AI solution, coupled with its potential for a rapid effect onset, makes it highly appealing to patients seeking an alternative to traditional medications.”
A key differentiator for Brightmind.AI is our expert team. From our experienced leadership, including commercial success by Uzair and myself, to our CTO’s MedTech expertise in transitioning prototypes to scalable production, we are positioned to deliver results. Our clinical trials are led by a neuroprofessor and TMS expert, and we benefit from an advisory board that opens access to patient networks and delivers key intelligence on competitors. This foundation strengthens every step of our journey.
By investing in Brightmind.AI, stakeholders are joining a transformative venture poised to redefine brain health care. Our personalized, at-home solutions provide superior efficacy, convenience, and affordability compared to existing treatments, making Brightmind.AI a compelling choice for investors seeking both impact and growth potential in an underserved yet high-demand market.
<a href="https://investors.seedblink.com/invest/brightmindai/328">Explore this opportunity</a> on SeedBlink.

Founded with the mission to transform brain health, Brightmind.AI brings personalized neuromodulation solutions directly into people’s homes. 

Brightmind.AI: brain health with personalized neuromodulation 

While many organizations have embraced it so far, in most of the cases it’s just through some popular tools like free AI assistants or chatbots, that can enhance productivity and deliver results but remain limited in scope. 
AI is a rising market and even if we think we’ve seen so many impressive things that it can do, it’s just the beginning. So, in such a competitive market, how do you know which tools to trust, and which ones work better for your needs? 
<h2 id="pushing-forward-the-abcs-of-artificial-intelligence">Pushing forward the ABCs of Artificial Intelligence</h2>
Back in 1990, managing customer support emails using Outlook was considered revolutionary and exciting. In today’s competitive landscape, AI is the main focus, and everyone is using it. 
But, while AI assistants or chatbots like ChatGPT are very useful and can save hours of research, they often make mistakes or can’t handle more complex tasks. And with over 333 billion emails incoming daily, email is still the preferred contact method for B2B customers, making email security and management a logistical nightmare for companies. 
Sounds familiar? This is where EmailTree.AI - an end-to-end AI powered solution for email management – changes the game. Unlike popular AI tools, EmailTree.AI integrates deeply into enterprise systems to automate the entire email workflow, boosting productivity and improving customer satisfaction. 
<h2 id="why-emailtreeai-stands-out">Why EmailTree.AI stands out</h2>
A recent <a href="https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai">McKinsey report</a> highlights the rapid adoption of AI in enterprise communication, with 65% of organizations regularly using generative AI in 2024, nearly double the percentage from the previous year. But many businesses seek solutions that go beyond basic automation. 
So, in such a complex and rising market, how do you manage to stand out? EmailTree.AI is addressing these challenges head-on. Unlike similar AI tools, it can read, classify, and execute tasks based on email requests while integrating seamlessly with human workflows, APIs, and Robotic Process Automation (RPA).
“_Streamlining processes via automation is vital to digital deflation efforts and allows the organization’s customer service teams to focus their efforts on high-value work and increased productivity,_” says Casius Morea, EmailTree.AI founder.
And here are the numbers: 70% increase in workforce productivity, 80% of tasks solved automatically and a 95% increase in quality. 
Enterprise customers like Orange, Concentrix, Nissan, PwC and Accenture rely on EmailTree.AI to manage massive volumes of emails and associated tasks, improving efficiency and customer satisfaction. 
The platform is built to handle all the complexities of enterprise communication, while having email security and operational efficiency at hand. Improving classification of spam and phishing by adding layers of filtering, verifications, flows and scenarios, EmailTree.AI is also GDPR and security compliant, setting apart from free AI tools that often lack important safeguard layers. 
This commitment aligns with the broader vision of ethical AI adoption. As Ariane Bucaille, Deloitte Global TMT Industry Leader, states: “_As we define the roadmap for Generative AI, we must navigate many challenges. By embracing trust, inclusivity, and sustainability, we can ensure that technological advancements positively impact not only the current generation but also businesses, consumers, and broader communities for generations to come._” 
EmailTree.AI’s strategic partnerships with global leaders like Microsoft, Accenture, NVIDIA, Orange, Ernst &amp; Young and UiPath strengthen its position in the market, along with its recent results: a sales pipeline exceeding €6.5 million and €1.01M annual revenue in 2024.
<h2 id="investment-opportunity">Investment opportunity</h2>
With its growth ambitions and demonstrated traction, EmailTree.AI has an <a href="https://investors.seedblink.com/invest/emailtree-ai/332">active round</a> on SeedBlink, offering investors the chance to be part of the tangible future of AI and automation. 
The company is led by serial entrepreneur Casius Morea, who has founded seven companies so far and has three successful exits, backed by a team of experts in quality assurance and product management. With strategic advisors like Sascha Born, Kulpreet (ex-UiPath), Vlad Ionescu (ex-UiPath), Xavier Buck, Carlos Silva and Mikhail Baichikov, the platform positions itself as a leader in the market.
According to the <a href="https://digital-strategy.ec.europa.eu/en/library/european-data-market-study-2024-2026">European Data Market Study</a> 2024-2026, the EU serviceable market is projected to reach €7Bn by 2026. EmailTree.AI aims to win 1,5% of that, totalizing €102M by 2026. The platform also plans to triple its annual revenue by the same year – 2026. 
The funds raised will be used for operational investments, including marketing and sales enablement, as well as for research and development, enhancing integrations and improving AI models. 
Explore <a href="https://investors.seedblink.com/invest/emailtree-ai/332">EmailTree.AI’s rounds materials</a> and join the transformation of enterprise communication, by backing the platform’s mission to shape the future of AI and automation.

Necessity. That’s what Artificial Intelligence (AI) is for every business today.  

Redefining enterprise communication with proven AI results 

$25 billion! That&#39;s how big the global cultivated meat market is projected to grow by 2030, according to <a href="https://www.mckinsey.com/industries/agriculture/our-insights/cultivated-meat-out-of-the-lab-into-the-frying-pan">McKinsey report</a>. Having the ability to reduce greenhouse gas emissions by up to 96%, and land use by 99%, compared to conventional farming, cultivated meat is a sustainable solution to some of the biggest challenges we face right now: feeding a growing population, and the increasing need for efficiency and food security, all without draining the planet&#39;s resources.
<h2 id="cultivated-meat-what-is-it-and-how-is-it-produced">Cultivated meat: what is it and how is it produced?</h2>
Cultivated meat is produced by growing animal cells in controlled environments, without any animal being slaughtered. The process begins with harvesting cells from the animal and then placing them in bioreactors – these are highly controlled environments that mimic the conditions inside a living organism. To get the final product, the cells are nourished with essential nutrients, to multiply and differentiate into muscle, fat and connective tissue.
The process of obtaining cultivated meat is efficient and eliminates a lot of the risks associated with traditional meat production, like contamination with E-coli or salmonella. Furthermore, the use of antibiotics, a frequent practice in livestock farming, is eliminated, making it safer and healthier for consumers. 
But how natural is cultivated meat? According to<a href="https://gfi.org/science/the-science-of-cultivated-meat/"> The Good Food Institute</a>, cultivated meat has the exact same cells as traditional meat, the only difference being the way it is produced. 
<h2 id="technological-innovation-co-cultivating-animal-cells-and-microalgae">Technological innovation: co-cultivating animal cells and microalgae</h2>
While cultivated meat is an innovation, <a href="https://www.mewery.io/">Mewery</a>, a Czech-based food tech startup, is taking a step forward and comes with an industry first: co-cultivating pork cells with microalgae, and bringing unique advantages to the cultivated meat market:
<ul>
<li>Increased nutritional profile: microalgae, also known as a “superfood,” enriches the meat with 80% more protein, reduces the saturated fat by 80%, and adds a mix of vitamins and minerals, that is not present in conventional nor other cultivated meats. </li>
<li>Cost efficiency: Mewery’s production process lowers the costs by 70%, compared to other cultivated meat methods, thanks to their own low-cost cultivation media and 3D structures based on microalgae.</li>
<li>Universal cultivation platform, which provides optimal conditions for entering new meat segments such as chicken, beef or fish. </li>
<li>Sustainability: by integrating microalgae, the environmental footprint is reduced, offering an eco-friendlier production method.</li>
</ul>
With a patent-pending process under the US Provisional, Mewery method to produce meat is an industry first and positions the company to become a leader in the cultivated meat segment, which is estimated to be worth €25 billion by 2030.
<h2 id="challenges-of-the-cultivated-meat-industry">Challenges of the cultivated meat industry</h2>
The cultivated meat industry is gaining momentum: Singapore became the first country to approve it for sale in 2020, and the U.S. followed just 2 years later. Consumer awareness is growing too, and with the global population set to reach 10 billion by 2050, sustainable food solutions are more than essential. But, despite its promise, this industry also faces some challenges: 
<ul>
<li>Consumer acceptance: according to one of the largest <a href="https://gfieurope.org/blog/survey-finds-european-consumers-want-freedom-to-choose-cultivated-meat/">surveys </a>on cultivated meat conducted by YouGov, over 55% of respondents in Europe are willing to try it. However, some people still perceive cultivated meat as unnatural. Companies like Mewery are facing this challenge through transparent communication about the production process and the benefits of their products.</li>
<li>Regulatory frameworks: cultivated meat must navigate complex regulatory landscapes to gain approval for commercial sale and each market has its own processes. However, the progress made in markets like the ones from Singapore and the U.S. sets a blueprint for global adoption in the near future. Furthermore, China is also on their way to approve cultivated meat before 2027, as the country&#39;s five-year agriculture plan explicitly mentions the adoption of cultured meat.</li>
<li>Cultural resistance: food traditions can be deeply ingrained, and some cultures are still tied to their traditions and food choices. But sustainability becomes a global priority, and cultivated meat offers a viable alternative that aligns with evolving consumer values.</li>
<li>Cost of production: the cost of production is another barrier for cultured meat&#39;s global commercialization and more specifically, the cost of growth media. However, Mewery is already addressing this issue, by having a 70% lower production cost of the meat, thanks to their co-cultivation process and their own low-cost cultivation media. </li>
</ul>
<h2 id="investment-opportunity">Investment opportunity</h2>
Mewery – a startup currently raising via SeedBlink - is backed by Credo Ventures, Purple Ventures, and Big Idea Ventures, an achievement that only 1% of startups manage to secure at an early stage. 
Credo Ventures is an early backer of UiPath and Manta, Big Idea Ventures is known for Gourmey and Orbillion Bio, and specializes in food-tech and sustainability investments, with a clear focus on cultivated meat, while Purple Ventures is a boutique VC supporting early-stage innovation in CEE. 
The commitment from these VCs validates Mewery’s credibility and highlights the opportunity for investors to join a well-supported, high-potential startup that transforms the food market. With an <a href="https://investors.seedblink.com/invest/mewery/288">active round on SeedBlink</a>, investors can be part of an innovative movement in food technology today. 
The funds raised will be used for scaling production, securing regulatory approvals in key markets, and accelerating commercialization of the first cultivated meat burger in an MVP version ready for commercial selling via the pilot sales in Switzerland. Mewery’s leadership includes CEO Roman Lauš, a serial entrepreneur, CSO Vladislav Strmiska, a Harvard fellow and co-author in Nature, and Dalibor Húska, a microalgae technology expert. 
Explore <a href="https://investors.seedblink.com/invest/mewery/288">Mewery’s funding round on SeedBlink</a> and support their mission to revolutionize meat production.

Cultivated meat is transforming food production with sustainability, innovation, and nutrition at its core.

Cultivated meat: redefining the future of food through technology 

The ecosystem is bustling with innovation, yet the journey is far from smooth. Some startups are thriving, while others face existential challenges. Let’s take a closer look at the highlights and hurdles shaping the tech scene, this time in alphabetical order. 
Adastec is <a href="https://www.sustainable-bus.com/its/autonomous-bus-public-transport-driverless-driverless/">making strides</a> in autonomous technology by developing next-generation driverless systems, particularly in public transport. Their work demonstrates how regional innovation is contributing to global advancements. 
Authic Labs is enhancing <a href="https://www.linkedin.com/posts/authic_supplychain-collaboration-engagement-activity-7273275508363079681-1rdh?utm_source=share&amp;utm_medium=member_desktop">supply chain engagement</a> through a strategic partnership with Open Food Chain. This collaboration aims to increase transparency and loyalty in the food and beverage industry. 
In a bid to combat food waste, Bonapp.eco has <a href="https://adevarul.ro/stiri-interne/societate/penny-si-bonapp-parteneriat-pentru-reducerea-2409869.html">partnered with PENNY</a>, one of Romania’s big retailers. Their joint effort aims to reduce waste on a national scale by integrating technology with retail practices. 
Bunnyshell was recognized as a &quot;<a href="https://www.openpr.com/news/3781248/bunnyshell-honored-as-key-tech-provider-at-syliuscon-3-in-lyon">Key Tech Provider</a>&quot; at SyliusCon 3 in Lyon, highlighting its growing influence in the software delivery space. Its innovative platform is streamlining development workflows for businesses across sectors. 
FieldOS is transforming agriculture with solutions designed to optimize farm operations. The startup secured a €500,000 investment from BCR Seed Starter, providing critical support for scaling its technology and driving innovation in a traditionally challenging sector. 
INKI.tech has seen <a href="https://www.zf.ro/zf-it-generation/zf-it-generation-start-up-update-liviu-huluta-ceo-cofondator-inki-22590447">rapid growth</a>, tripling in 2024 with a &quot;device-as-a-service&quot; model that now serves over 400 EU-based clients. With contracts valued at €4 million, the startup is setting its sights on doubling its revenue by 2025. 
Ondato’s age verification solutions are<a href="https://www.biometricupdate.com/202412/ondato-releases-age-verification-report-as-countries-trend-toward-stricter-regulations"> gaining traction</a> as stricter regulations emerge globally. Their comprehensive report mapping these changes demonstrates leadership in compliance technology. 
Sessions has announced a <a href="https://www.zf.ro/business-hi-tech/start-up-ul-sessions-anunta-isi-suspenda-aproape-complet-22617139">temporary downsizing</a> of operations for 6–9 months. Despite securing €3 million in funding earlier this year, the collaboration platform is focusing on restructuring to secure its future. 
Unfrosen, a Romanian startup spin-off, exemplifies the <a href="https://therecursive.com/the-romanian-startup-spin-off-that-reaches-4m-in-2024-s-turnover/?utm_content=319733889&amp;utm_medium=social&amp;utm_source=linkedin&amp;hss_channel=lcp-71195805">value of adaptability</a> in the entrepreneurial landscape. After pivoting from its original business model, Unfrosen has reached a €4 million turnover in 2024. 
December closes with a reminder of the highs and lows inherent in the world of startups. While some ventures have achieved remarkable breakthroughs, others face critical decisions to secure their long-term viability. At SeedBlink, we remain committed to supporting these bold innovators as they navigate their paths forward. 
If you’d like to support these forward-thinking startups with your expertise, network, or mentorship, reach out to us at <a href="investors@seedblink.com">investors@seedblink.com</a>.

Startups across Europe and beyond are making waves, with their sights set on ambitious goals, from scaling globally to redefining industries.

Investor Insight: December 2024 portfolio updates 

Europe’s tech scene is at a tipping point. The next year will redefine not just how startups operate but also how they’re funded, scaled, and regulated. With global markets slowing, Europe is taking the reins with its distinct approach to collaboration, sustainability, and innovation. Below are eight systemic shifts that promise to reshape the venture capital and startup ecosystem—insights from the desk of SeedBlink’s CEO, Andrei Dudoiu. 
<h2 id="1-vcs-hunt-for-stability-over-speed">1. VCs hunt for stability over speed</h2>
After a decade of breakneck growth chasing the next unicorn, venture capitalists are recalibrating. We believe 2024’s mantra continues in 2025: “prove your resilience.” Startups with strong unit economics, clear paths to profitability, and disciplined financial management will rise above the noise. 
Atomico’s “<a href="https://www.stateofeuropeantech.com/">State of European Tech</a>” reports that over 70% of VC funds are now prioritizing long-term resilience over rapid scale. This is less about pulling back and more about placing smarter bets. Founders must focus on building sustainable models that weather economic uncertainty. 
Central and Eastern Europe (CEE), in particular, is emerging as a hotbed of resilient startups—lean, resourceful, and focused on delivering value. This shift aligns with broader European priorities: long-term stability over short-term valuation spikes. For founders, this means focusing on fundamentals that withstand market turbulence. 
<h2 id="2-operational-discipline-separates-winners-from-laggards">2. Operational discipline separates winners from laggards</h2>
Hype is out; execution is in. As startups grow, operational efficiency is emerging as a decisive factor for success. Investors are placing a premium on founders who can scale efficiently while maintaining laser focus on KPIs like churn, CAC, and LTV. 
Research from <a href="https://hbr.org/2012/07/the-discipline-of-getting-things-done">Harvard Business Review</a> confirms this: startups that emphasize operational rigor consistently outperform peers in valuations and exits. In a market where every euro spent is scrutinized, operational discipline is no longer a bonus—it’s a necessity. 
Europe’s industrial backbone—with its deep ties to manufacturing, logistics, and healthcare—provides fertile ground for startups prioritizing operational discipline. Founders who build efficient, scalable models will attract not just capital but premium valuations. 
<h2 id="3-ai-becomes-europes-competitive-backbone">3. AI becomes Europe’s competitive backbone</h2>
AI is the engine driving change across industries. From logistics optimization to generative tools in creative industries, European startups are embedding AI into their cores. But what sets Europe apart is its focus on “trustworthy AI”—systems that are ethical, transparent, and regulation-compliant. 
<a href="https://aiindex.stanford.edu/wp-content/uploads/2024/05/HAI_AI-Index-Report-2024.pdf">Stanford’s AI Index</a> shows Europe leading global AI ethics research. This edge will attract funding and partnerships as the global market increasingly prioritizes responsible innovation. 
The next frontier lies in specialization. From AI-driven energy solutions to precision agriculture and healthcare diagnostics, European startups are embedding AI into vertical solutions tailored to specific industries. This focus on ethical innovation and practical applications positions Europe as a leader in global AI adoption. 
<h2 id="4-generative-ai-meets-vertical-saas">4. Generative AI meets vertical SaaS</h2>
Europe’s industrial diversity is fueling a unique edge in vertical SaaS—sector-specific software solutions powered by generative AI. From healthcare diagnostics to manufacturing analytics, startups are solving real problems with precision tools. 
<a href="https://www.mckinsey.com/~/media/mckinsey/mckinsey%20global%20institute/our%20research/the%20next%20big%20arenas%20of%20competition/the-next-big-arenas-of-competition_final.pdf">McKinsey </a>forecasts vertical SaaS to outpace horizontal solutions in market growth by 2025. This specialization positions European startups as must-have acquisition targets for global giants. 
This specialization not only creates defensible market positions but also attracts strategic investments and acquisitions from global players seeking footholds in Europe’s industrial heartlands.
<h2 id="5-secondaries-evolve-from-option-to-necessity">5. Secondaries evolve from option to necessity</h2>
With IPO timelines stretching and acquisitions slowing, secondary markets have become a lifeline. Employees demand liquidity, and early investors seek to reallocate funds. In Europe, regulatory support is smoothing the path for these transactions. 
<a href="https://pitchbook.com/news/articles/liquidity-hunt-drives-record-high-in-secondary-market-deal-value">PitchBook </a>reported over $100 billion in secondary transactions globally in 2023. This shift is particularly critical for startups looking to retain talent—equity is only an incentive if it’s liquid. 
For Europe, this shift is particularly critical. By embracing secondary markets, startups can balance the need for growth capital with the realities of extended exit timelines, offering a more sustainable path forward. 
<h2 id="6-cross-border-collaboration-redefines-scale">6. Cross-border collaboration redefines scale</h2>
Europe’s strength lies in its diversity, and startups are finally capitalizing on it. Cross-border <a href="https://tech.seedblink.com/syndicates">syndication </a>and partnerships between Eastern and Western European hubs are creating a richer, more resilient innovation ecosystem. 
<a href="https://www.esnalliance.eu/multimedia/esna/esna-compendium-1.pdf">The European Startup Monitor</a> notes a 20% increase in cross-border funding rounds in 2024. Expect even more startups to seek international funding and talent pools, leveraging Europe’s unique collaborative edge. 
As startups tap into international talent pools and funding networks, CEE is stepping into the spotlight as a bridge between Europe’s established markets and emerging global opportunities. This collaborative model not only fosters innovation but also drives resilience against regional economic shocks. 
<h2 id="7-regulation-a-paradox-for-progress">7. Regulation: a paradox for progress</h2>
Regulation is a double-edged sword for innovation. Europe’s Digital Markets Act and Digital Services Act aim to level the playing field, but they also increase compliance costs for startups. Balancing innovation with accountability is a tightrope act. 
 One of the biggest hurdles remains the lack of unified legislation across Europe, creating fragmented markets and making it harder for startups to scale efficiently. This legislative disunity often leaves European startups trailing behind their US counterparts, who benefit from a more streamlined legal framework. 
According to the European Startup Network, achieving legislative harmony is critical for closing the innovation gap. Key policy initiatives will need to address these inefficiencies to foster a more cohesive and scalable tech ecosystem. 
<h2 id="8-data-driven-decision-making-for-venture-capital">8. Data-driven decision-making for venture capital</h2>
Data is becoming the cornerstone of modern venture capital. In 2025, funds will increasingly rely on analytics to assess startup performance, market dynamics, and future opportunities. This shift towards data-driven decision-making enables VCs to identify trends earlier and allocate capital more effectively. 
For startups, this means ensuring transparency and robust reporting mechanisms. The emphasis on data also provides an edge to ecosystems like Europe’s, where regulatory requirements often mandate meticulous documentation, inherently fostering a culture of precision and accountability. 
<h2 id="europes-tech-horizon-the-year-to-get-it-right">Europe’s tech horizon: the year to get it right</h2>
2025 isn’t business as usual. It’s a year of recalibration, where the focus shifts from growth at all costs to sustainable innovation and execution. The startups and investors who adapt to these nine shifts will define Europe’s tech leadership for the next decade.

Editorial written by Andrei Dudoiu 

8 shifts reshaping Europe's tech venture landscape in 2025 

Unlike traditional platforms, VCash prioritizes user value by integrating key performance indicators (KPIs) into its reward system, ensuring that meaningful participation is recognized and rewarded.
At the helm of VCash is Narcis Sintoma, an entrepreneur with 18 years of experience across stock exchanges, public companies, and startup coaching. As the co-owner of XPS Logistics and a leader at Transilvania Roof Center, Narcis has has a proven track record of driving business growth and fostering innovation. His vision for VCash is to create a social media ecosystem where users can thrive and be rewarded for their authentic contributions.
1. What motivated you to create VCash?
The motivation to create VCash stemmed from the growing dissatisfaction with traditional social media platforms, which often prioritize algorithms and ad revenue over user experience and value. We saw an opportunity to create a platform that rewards meaningful contributions, fosters authentic interactions, and provides users with greater control over their experience. The integration of a reward system based on KPIs ensures that user engagement is recognized and incentivized fairly, marking a significant shift in how social media operates.
2. How does VCash differentiate itself from other social media platforms?
VCash stands apart through its emphasis on authenticity, user-centric design, and integrated crypto rewards. Unlike other platforms:
<ul>
<li>No Filters, No Algorithms: Content is unfiltered and user-curated, ensuring a genuine experience where users control what they see.</li>
<li>Tokenized Rewards: Users are rewarded with STELNAR tokens for their contributions, creating a direct economic incentive.</li>
<li>KPIs-Driven Recognition: Instead of measuring success through likes or followers, VCash uses key performance indicators to reward impactful and meaningful interactions. This combination of authenticity, user empowerment, and tangible rewards redefines what social media can achieve.</li>
</ul>
3. What was the inspiration behind using KPIs to measure and reward contributions, and how does it benefit users?
The inspiration came from recognizing that traditional metrics like likes and comments often fail to capture the true value of user contributions. By introducing KPIs, we ensure that quality engagement, creativity, and meaningful interactions are rewarded rather than superficial metrics. For users, this means their efforts are acknowledged fairly, motivating them to create and participate in more impactful ways. It transforms the social media experience into one where their time and creativity hold tangible value.
4. How did your previous roles influence your approach to building VCash?
Our leadership team brings a wealth of experience across diverse sectors, which has deeply influenced VCash&#39;s development. My background in financial advisory and coaching startups has provided insights into building scalable and sustainable models. Similarly, my experience in multinational leadership roles taught me the importance of creating systems that are both innovative and operationally robust. Combining these perspectives allowed us to design a platform that not only disrupts the social media space but is also built for long-term growth and profitability.
5. How have early users responded to VCash, and what kind of impact is their feedback having on your future plans?
Early users have responded enthusiastically to VCash, particularly appreciating the authenticity of content and the tangible rewards system. Their feedback has been invaluable in refining our features. For example, user insights have helped us streamline the reward distribution process and optimize the app&#39;s interface for better accessibility. This iterative process ensures that VCash evolves in line with user needs and preferences, further strengthening its appeal and usability.
6. What challenges did you encounter during the development of VCash?
One of the main challenges was integrating a seamless crypto reward system into a social media platform while ensuring user security and trust. Balancing the technical demands of blockchain integration with a user-friendly interface required significant innovation. Additionally, gaining visibility in a crowded social media market presented marketing challenges, which we addressed by emphasizing our unique value propositions. These hurdles have strengthened our resolve and refined our strategies for future growth.
7. What does the future look like for the platform?
The future of VCash is incredibly promising. We envision it becoming a leading platform where users are not only content consumers but also contributors who are fairly compensated for their efforts. Our roadmap includes expanding token utility, enhancing the KPI-driven rewards system, and introducing new features like community-driven governance. As adoption grows, we aim to establish VCash as a benchmark for decentralized and user-empowered social media.
8. Why is now the right time to invest in VCash? Why should investors join you?
The convergence of two rapidly growing markets—social media and cryptocurrency—makes this the perfect time to invest in VCash. The platform is designed to capitalize on these trends by offering a unique solution that addresses existing gaps in both industries. For investors, VCash represents a rare opportunity to be part of a disruptive innovation led by a proven team with a track record of success. By joining us now, investors can help shape the future of social media while benefiting from the significant growth potential of our platform.
<a href="https://investors.seedblink.com/invest/vcash/330">Explore the opportunity</a> on SeedBlink.

Founded with the vision of transforming the social media landscape, VCash is a platform that empowers users to earn rewards for their engagement and contributions. 

VCash: Transforming social media with rewards for meaningful contributions

We recently hosted a webinar on bridge rounds to discuss when and why they are useful to startup founders. As a special guest, we had <a href="https://www.linkedin.com/in/jan-engels-4b1a3399/">Jan Engels</a>, Investment Manager at <a href="https://www.htgf.de/en/">High-Tech Gründerfonds</a>, in conversation with <a href="https://at.linkedin.com/in/ronald-rapberger">Ronald Rapberger</a>, Regional Manager DACH at <a href="https://seedblink.com/">SeedBlink</a>.
<iframe width="560" height="315" src="https://www.youtube.com/embed/X00PN5mv28s?si=Zxevt3eSddpEc9Hz" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

During the session, they covered:
<ul>
<li>Key differences between bridge rounds and traditional funding rounds.</li>
<li>What are the current market trends influencing the market?</li>
<li>When to consider a bridge round? </li>
<li>What are the most common scenarios for a bridge round?</li>
<li>Who’s funding the bridge round, and with what instruments?</li>
<li>What is the cap table impact, and how do you structure bridge rounds? </li>
<li>How do you avoid dilution or conflict with future funding rounds if you raise a bridge round?</li>
</ul>
The following sections dive into four key insights shared during the session, covering the factors that drive bridge rounds and how they are structured. From understanding why bridge rounds are increasingly common in today’s market to exploring the role of instruments like convertible loans (CLAs) and SAFEs, we’ll outline the parameters investors prioritize—such as caps, discounts, interest rates, and maturities.
In today’s challenging funding environment, bridge rounds have become essential tools for startups extending their runway. With traditional equity rounds taking longer to close, bridge financing offers a flexible solution to help companies reach critical milestones. 
Now, let’s explore what it takes to structure these rounds effectively!
<h2 id="how-do-bridge-rounds-differ-from-traditional-funding-rounds">How do bridge rounds differ from traditional funding rounds?</h2>
Bridge rounds are interim funding rounds often used to extend a company&#39;s financial runway until the next equity round. Unlike traditional funding rounds, which require setting a valuation and issuing equity to investors, bridge rounds are typically &quot;unpriced,&quot; offering a faster and more flexible alternative. 
Jan: “In general, a typical equity round, starting from seed stage and moving through Series A, B, C, and sometimes up to Series E, involves investors becoming shareholders in the company. 
_In contrast, bridge rounds, often structured as convertible loan agreements (CLAs), function more like loans. Investors provide funds to the company without an immediate valuation._“
These rounds often use structures like convertible load agreements - CLAs or simple agreements for future equity - SAFEs, which allow startups to secure funds without the immediate need for a fixed valuation or extensive negotiations.
Ronald: “From our perspective bridge rounds can be seen as &#39;unpriced rounds,&#39; which is a fair comparison. In the DACH region, bridge rounds are typically assumed to be convertible loan agreements (CLAs). 
However, from a broader European or global perspective, there are variations, such as SAFEs (Simple Agreements for Future Equity), which are gaining traction in Western Europe, and advanced subscription agreements (ASAs), particularly common in the UK. SAFEs, originally developed by Y Combinator, are similar to CLAs but have slightly different conditions.”
For investors, bridge rounds provide interim support while deferring equity issuance to a future round. The terms often include discounts or caps on the eventual conversion to equity, incentivizing investors while protecting their upside in the next valuation.
<h2 id="trends-in-bridge-rounds-and-current-market-conditions">Trends in bridge rounds and current market conditions</h2>
Bridge rounds gained visibility as a viable funding mechanism in 2023-2024, representing 60-70% of all funding rounds during this period due to challenging market conditions and reduced venture capital activity. It was largely driven by market corrections and a more challenging fundraising environment, making traditional equity rounds more difficult to close.
Jan: “The heydays are over, driven by the global economic situation, rising central bank interest rates, and broader market corrections, particularly in Europe and the DACH region. The startup and VC spaces remain closely tied to traditional financial markets, as even larger VCs need to raise their capital.
Startups that secured seed financing a year or two ago are now facing increasingly tough markets, making it difficult to raise substantial Series A rounds, especially in sectors like med-tech, where rounds can reach €10M.
_As a result, bridge rounds are becoming more common, often disguised as &#39;seed extensions&#39; or &#39;pre-A rounds,&#39; but fundamentally serving the same purpose—providing additional runway._”
For example, startups that previously secured seed funding rely on bridge rounds as financial lifelines to extend their runway toward a larger Series A or subsequent equity round.
Another notable trend is the evolution of key terms within bridge rounds. Shorter maturities, typically between 12 and 24 months, have replaced the longer timelines seen in previous years. It reflects investor expectations that startups should be able to secure their next financing round within a year or two. Interest rates, previously negligible in a low-interest environment, have now increased to align with rising central bank rates, often falling within the 5-7% range.
Jan: “A typical scenario involves startups nearing the end of an 18-month runway, with Series A discussions ongoing but unlikely to close in the short term. 
Bridge rounds then act as Plan B, offering funding for a few months to a year, depending on the startup&#39;s traction and situation. In my active portfolio, I see this often—where companies need just two or three months to finalize a Series A, compared to others requiring 12 months of financial support. 
Despite the challenges, we remain optimistic as VCs, investing in the future and looking positively toward 2025.&quot;
<h2 id="key-parameters-in-convertible-loans">Key parameters in convertible loans</h2>
The terms of convertible loans have evolved in response to investor demands and market shifts. Key parameters such as discounts, valuation caps, interest rates, and maturity periods are now more standardized. Discounts provide incentives for early investors, while caps protect them from excessive valuations.
Ronald: “​​_Currently, discounts range between 20-30%, depending on the level of risk or trouble the startup faces. The valuation cap is equally important as it sets an upper limit on the conversion valuation, ensuring investors avoid overpaying. While a few years ago it was common to see convertibles without a cap, today, investors demand both a cap and a discount to secure their position._”
A cap is a double-edged sword. As Jan outlined, investors will certainly ask for it to protect themselves from dilution, but it also carries a signaling effect that founders need to consider. The cap indicates to future equity investors what the founder views as a reasonable and fair valuation, which can influence the next financing round. 
Interest rates, negligible in a zero-interest environment, have risen alongside market rates. Similarly, maturities have shortened significantly, reflecting the expectation that startups will raise their next funding round within a tighter timeframe.
Ronald: “_Interest rates, historically overlooked in a zero-interest environment, have now risen in line with market conditions. Where rates once hovered around 2-3%, they now align with broader financial markets at 5-7%, making interest a more significant part of the equation._“
Lastly, maturities have shortened considerably. Previously, convertibles with terms of five years or more were not uncommon, but this has become outdated. Today, maturities typically fall between 12 and 24 months.
Ronald: “On maturities, we typically see terms between 12 and 24 months, reflecting the expectation that a financing round will occur within that timeframe. Additionally, for clarity, the interest on convertible loans is always paid in kind (PIK), not in cash. 
_It means the interest accrues over time and is added to the total investment amount, then converted at the agreed cap or discount. There is no cash outflow during the loan&#39;s maturity period, an important point for founders managing their cash flow._”
<h2 id="investor-dynamics-in-bridge-rounds">Investor dynamics in bridge rounds</h2>
Bridge rounds are primarily funded by existing investors who already have a financial and strategic stake in the startup. These investors are often more willing to provide additional capital to protect their existing investment and help the company reach its next milestone. 
They are often more involved in the startup&#39;s progress, team, and challenges, making them reliable partners who can bridge the gap until the next equity round. While existing investors dominate bridge funding, new investors, such as angel investors, sometimes participate, though their contributions are typically smaller. 
Ronald: “At the end of the day, a bridge round is, in the vast majority of cases, funded by existing shareholders. Occasionally, small investors, such as angels, will join these rounds, willing to take the risk for a chance to invest at a lower valuation. However, their contributions are typically limited, with tickets between €50,000 and €200,000.”
Institutional investors, such as venture capital firms, prefer to participate in formal equity rather than bridge rounds. Equity rounds give institutional investors greater control, clarity, and ownership in exchange for their capital. 
As temporary funding mechanisms, bridge rounds are often seen as a higher-risk option for institutional players, as they lack traditional funding rounds&#39; structured valuation and equity commitments.
Jan: “Founders today are far more educated and aware of how convertible loan agreements (CLAs) work and their potential impact on the cap table. For example, in one of my portfolio companies, the founders deliberately limited their CLA to a maximum of €1M despite existing investors being willing to contribute €1.5M. Their rationale was clear: they understood the cumulative impact of a 20% discount and 6% interest rate over a one-year period, which effectively meant that a €1M CLA could convert to the equivalent of €1.3 million in equity.”
<h2 id="stay-connected">Stay connected!</h2>
For more insights, watch the whole SeedBlink webinar on Bridge rounds: A sign of trouble or a smart financing solution in 2025?
<iframe width="560" height="315" src="https://www.youtube.com/embed/X00PN5mv28s?si=GNtA7AgKy1BIdsKd" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>



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Bridge rounds - what founders need to know in 2025, and actionable tips from investors.

Bridge rounds: A sign of trouble or a smart financing solution in 2025?

What makes Germany one of <a href="https://seedblink.com/en/2023-10-19-dive-into-the-german-startup-ecosystem-key-players-trends-and-opportunities">the most attractive destinations</a> for startups in Europe? 
With a strong economy, strategic location, and a growing network of innovation hubs, the country has become a friendly community for entrepreneurs looking to turn bold ideas into successful businesses. 
At the core of the ecosystem are accelerators, programs designed to provide startups with resources such as funding, mentorship, and market access. Accelerators and startup programs typically offer a structured environment where founders can refine their business models, develop go-to-market strategies, and prepare for funding rounds.
This article highlights the top 10 startup accelerators in Germany that you should know about as a startup founder and provides key essential information. So, if you haven’t been part of a startup program or applied to an accelerator, here is a good place to start learning about them.
<h2 id="1-siemens-technology-accelerator">1. Siemens Technology Accelerator</h2>
<a href="https://www.siemens.com/global/en/products/services/technology-accelerator.html">Siemens Technology Accelerato</a>r was established in 2001 and is a wholly owned subsidiary of Siemens AG, headquartered in Munich, Germany. STA commercializes non-core Siemens technologies by forming startups or licensing agreements, primarily in the energy, industry, and healthcare sectors. 
The accelerator collaborates with external investors for each company, aiming to transform innovative technologies into market-ready solutions. Notable successes include the formation of companies like MetisMotion and Rethink Robotics.
<img src="/img/screenshot-2024-12-10-at-16.38.13.png" alt="">
<h2 id="2-spinlab---the-hhl-accelerator">2. SpinLab - The HHL Accelerator</h2>
SpinLab – The HHL Accelerator, founded in 2014, is a startup accelerator based in Leipzig, Germany. It supports the growth of entrepreneurial and innovative teams aiming to scale their businesses. 
The program offers a six-month acceleration cycle, providing startups with modern co-working office space, access to various technologies from partners, and comprehensive support through experienced coaches and mentors.
<h2 id="3-spielfrabrique">3. SpielFrabrique</h2>
<a href="https://spielfabrique.eu/Thunderfox/">SpielFabrique</a> is a Franco-German accelerator dedicated to the video game industry, offering support to startups through mentoring, networking, and access to funding opportunities.
The accelerator offers a structured program, including workshops, mentoring sessions, and direct access to industry experts, tailored to address the challenges of game development and commercialization.
<h2 id="4-hubraum">4. Hubraum</h2>
<a href="https://www.hubraum.com/">Hubraum</a>, created in 2012, is Deutsche Telekom&#39;s tech incubator. It fosters innovation by connecting startups, developers, and ecosystem partners with the resources of a leading European telecommunications company. Operating from campuses in Berlin and Krakow, Hubraum focuses on emerging technologies such as 5G, artificial intelligence (AI), and the Internet of Things (IoT). 
The incubator offers various programs, including the Digital Innovation Program and the AI Co-Creation Program, providing participants with access to Deutsche Telekom&#39;s infrastructure, expert mentoring, and collaborative environments to test and refine their ideas.
<img src="/img/screenshot-2024-12-10-at-16.41.04.png" alt="">
<h2 id="5-eon-agile">5. E.ON :agile</h2>
E.ON :agile, established in 2013, is the accelerator and seed investment program of E.ON SE, a leading European energy company headquartered in Essen, Germany. 
The program focuses on identifying and supporting scalable business models related to the energy sector, offering startups up to €22,000 in funding, a three-month acceleration period, coaching, sprint sessions, and access to E.ON&#39;s extensive network.
<h2 id="6-microsoft-accelerator--microsoft-for-startups">6. Microsoft Accelerator / Microsoft for startups</h2>
<a href="https://www.microsoft.com/en-us/startups">Microsoft Accelerator Berlin</a>, launched in 2013, was part of Microsoft&#39;s global initiative to support early-stage technology startups. The program offered a four-month acceleration cycle, providing selected startups with mentorship from industry experts, access to Microsoft&#39;s extensive network, and resources to scale their businesses. 
In 2016, Microsoft rebranded its venture activities, and the accelerator programs evolved into Microsoft for Startups, continuing to support startups globally.
<h2 id="7-the-eit-climate-kic-accelerator">7. The EIT Climate-KIC Accelerator</h2>
<a href="https://www.climate-kic.org/programmes/climate-entrepreneurship/accelerator/">The EIT Climate-KIC Accelerator</a>, based in Berlin, is a European program dedicated to supporting cleantech startups with a focus on climate impact. 
Operating in three stages, the accelerator provides startups with essential resources, including financial grants, mentorship, and access to a vast network of industry experts.
<img src="/img/screenshot-2024-12-10-at-16.42.37.png" alt="">
<h2 id="8-venturevilla-accelerator">8. VentureVilla Accelerator</h2>
VentureVilla Accelerator, established in 2016 and based in Hanover, Germany, is dedicated to supporting early-stage startups in the web and software technology sectors. 
The accelerator offers a 100-day program that provides individualized coaching, mentoring, and workspace in the heart of Hanover. Participants also gain access to an extensive network of investors and partners, facilitating business development and growth.
<h2 id="9-campus-founders">9. Campus Founders</h2>
<a href="https://campusfounders.de/">Campus Founders</a>, established in 2018 in Heilbronn, Baden-Württemberg, Germany, is a center for entrepreneurship and innovation. Supported by the Dieter Schwarz Foundation, it aims to cultivate a startup ecosystem in the Heilbronn-Franken region, one of Europe&#39;s economically robust areas. 
The organization offers a range of programs and services tailored to various stages of the entrepreneurial journey. These include the Incubator program, designed to assist early-stage founders in transforming concepts into viable businesses, and the Accelerator program, which focuses on validating business models and achieving investor readiness within a 12-week timeframe.
<h2 id="10-digitalhubde">10. DIGITALHUB.DE</h2>
<a href="http://DIGITALHUB.DE">DIGITALHUB.DE</a>, established in 2017 in Bonn, North Rhine-Westphalia, Germany, serves as a central hub for startups, established companies, and innovators in the Rhineland region. It offers a comprehensive ecosystem designed to accelerate digital innovation and entrepreneurship.
DIGITALHUB.DE provides structured accelerator programs that support digital startups through various stages of development to offer mentorship, networking opportunities, and access to potential investors. 
<h2 id="stay-connected">Stay connected!</h2>
This article is part of a series where we present to you the top startup incubators and accelerators across Europe. Stay tuned!
Looking for Germany&#39;s top startup venture capital firms instead? Check out our complete list of venture capital firms in Germany <a href="https://tech.seedblink.com/vc-network">here</a>.

Discover Germany's top 10 startup accelerators and explore the local resources you have available to grow your company.

Top 10 accelerators and startup programs in Germany

By combining AI-assisted task management, learning, and rewards, Evopath empowers employees to work smarter, not harder. With the support of leading investors and early client success stories, Evopath is positioned to become a key player in the global productivity and corporate education markets.
Bogdan Neacșu, co-founder and CEO of Evopath, brings extensive SaaS sales and technology experience to the table. With a proven track record of leading innovation and successful exits, Bogdan’s vision for Evopath is rooted in making AI an enabler for people, not a replacement. 
1. What inspired you to start Evopath?
I spent the past 15 years living and working in places like Milan, Luxembourg and London, selling SaaS and leading technology sales teams. The single common problem of all my clients was “I need to be innovative, I plan to buy robots to do the repetitive stuff and I will ask my people to do the new stuff. So how do I convince my people to learn how to do the more valuable activities, so I can be more profitable?” That’s why I returned to Romania and I built Evopath, which is the answer to that question.
2. How does Evopath’s AI-powered task management platform work, and what makes it stand out from other productivity tools?
We focus on the specific use cases that grow profitability for our clients, and fast. How? We make sure that the task gets done. There’s a plethora of tools out there that do a very solid job of administering tasks. We use AI to include learning and rewards with every task so people are both knowledgeable and motivated so they will do the job.
3. What are the key benefits Evopath delivers to managers and employees, and how do these translate into measurable results?
We use AI to save managers dozens of hours when creating tasks. Evopath also uses task-specific learning to make it easy for the employees to solve their valuable tasks. Time saved for the manager, efficiency for the manager, and profitability for the team.
4. How did you secure early support from your VC and angel backers?
I actually asked investors, too: “Why did you invest?” I was humbled to learn from Andrei Pitis of Simple Capital, for example, one of our early day&#39;s mentor and investor, that his own decision to invest was motivated by the Evopath team:
<ul>
<li>professionally, my 20 years of international sales experience and my co-founder’s, 20 years of tech entrepreneurship building SaaS </li>
<li>personally, on my proven resilience, and the long term working relationship between me and my co-founder.</li>
</ul>
I built on that momentum by raising an investment round on Seedblink. We just kicked off our public round, we are almost halfway to our target amount, and we’re still offering 20% discount to early investors, by the end of 2024.
5. What kind of interest or excitement has Evopath seen from companies, and how are these early partnerships shaping your future strategy?
We garnered amazing excitement from clients and partners alike because AI is a must-have technology these days and productivity has always been a killer application for new technologies, when applied right. Vodafone is using Evopath and giving us great feedback on how to best add value to clients, while Microsoft is an early technology partner, expanding into commercial opportunities.
6. What are the next big milestones on Evopath’s roadmap?
We plan to raise a second investment round in a year’s time. On the revenue front, we plan to hit the 1M Eur mark in ARR (Annual Recurring Revenue) by the end of 2025. Our twelve-quarter-strategy is to reach 5M Eur ARR by the end of 2027 going to market where we already have a foothold with investors or early adopters: Romania, UK, France, Luxembourg.
7. For investors, why is now the right time to support Evopath?
This is not our first rodeo. My partner and I have been building and selling SaaS internationally for many years. We’ve made our own 6 figure investment into Evopath already and the sooner early investors contribute, the sooner we raise the money we need to go to market, the better the position we are in to return their investment at a better multiplier and exceed expectations. 
<a href="https://investors.seedblink.com/invest/evopath/286">Explore the opportunity on SeedBlink.</a>

Founded by Bogdan Neacsu, Evopath is on a mission to transform how teams and managers approach productivity.

AI that works for your team: how Evopath is redefining productivity and employee success

In an era where flexibility and strategy drive venture capital, secondary deals are becoming the go-to choice for investors. They allow established stakeholders to realize returns and new investors to access promising startups—creating a win-win dynamic for everyone involved. 
The rise of secondary markets in the recent years highlights their growing role in shaping the future of startup funding. Let’s dive into why these deals are catching the attention of individual and institutional investors alike. 
<h2 id="what-makes-secondary-deals-special">What makes Secondary Deals special?</h2>
<a href="https://seedblink.com/en/2024-12-10-primaries-vs-secondaries-understanding-the-two-markets-in-startup-investing">Unlike primary rounds</a>, where companies sell new shares to raise fresh capital, secondary deals involve the resale of existing shares. This means no new equity is created, but money changes hands between buyers and sellers. 
For investors, secondaries provide an opportunity to buy into high-potential startups at a later stage, often at more favorable terms compared to primaries. Sellers, meanwhile, gain liquidity without having to wait for an IPO or acquisition. It’s a dynamic that benefits all parties—and the ecosystem at large.
<h2 id="the-numbers-speak-for-themselves">The numbers speak for themselves</h2>
The growing interest in secondary markets is undeniable. In 2023, the European secondary market saw volumes rise by 5% year-over-year, even amid global economic challenges. This resilience highlights how secondaries are becoming a critical part of portfolio management for investors of all sizes. 
Institutional investors, in particular, are leaning into secondary opportunities. A survey by Probitas Partners showed that 37% of respondents identified special situations funds—including secondary deals—as a key focus for 2024. 
In the first half of 2024, global secondary market volume reached $68 billion, marking a 58% increase from $43 billion in the same period in 2023 (<a href="https://www.jefferies.com/wp-content/uploads/sites/4/2024/07/Jefferies-Global-Secondary-Market-Review-July-2024.pdf?utm_source=chatgpt.com">Jefferies</a>) 
Institutional investors are increasingly recognizing the value of secondary markets. Notably, Blackstone raised the world&#39;s largest secondaries fund, Strategic Partners IX, amassing $22.2 billion dedicated exclusively to assisting limited partners and general partners in offloading assets on the private equity secondary market (<a href="https://pitchbook.com/news/articles/secondaries-pipeline-deals-2024-outlook?utm_source=chatgpt.com">PitchBook</a>) 
At SeedBlink, we’ve tapped into this momentum. In 2023, we launched a bulletin board to allow investors to trade shares in portfolio companies. By 2024, we expanded this with a full-scale Secondaries platform, targeting European rising stars and pre-IPO giants. 
<h2 id="why-buyers-win">Why buyers win</h2>
1. Access to Established Startups 
Secondaries often focus on companies with proven track records—think revenue growth, market traction, or pre-IPO positioning. For buyers, this means less speculation and more informed investment decisions. 
2. Discounts to Net Asset Value (NAV) 
Secondary shares are frequently sold at a discount, making it possible to acquire high-value equity at a lower cost. This happens because sellers may prioritize liquidity over maximizing their sale price. 
3. Shorter wait times for returns 
Unlike primary investments, where returns hinge on a long-term exit strategy, secondary deals often involve startups nearing significant milestones, such as IPOs or acquisitions. This translates to potentially quicker liquidity for investors. 
<h2 id="why-sellers-benefit">Why sellers benefit</h2>
<ol>
<li>Liquidity for founders and employees. Imagine being a startup employee with stock options that could someday be worth millions—but only on paper. Secondaries allow employees to convert those options into cash, reducing financial stress and rewarding their contributions. </li>
<li>Rebalancing for early investors - for early backers like angel investors or VCs, selling shares in the secondary market frees up capital for new opportunities. It’s a way to lock in gains while staying engaged in the ecosystem. </li>
</ol>
<h2 id="how-startups-gain-from-secondaries">How startups gain from Secondaries</h2>
You might think secondaries don’t directly benefit startups, but they play a key role in fostering stability. By offering liquidity, startups can retain top talent and maintain goodwill among their stakeholders. Additionally, bringing in new investors through secondary deals often introduces strategic advantages—be it industry expertise or broader networks. 
At SeedBlink, we’ve seen how secondaries transform the investing landscape. Our bulletin board in 2023 allowed investors to trade shares within our portfolio, creating <a href="https://seedblink.com/en/2024-10-22-seedblink-secondary-market-surpasses-%E2%82%AC3-7m-in-transaction-volume-driving-startup-investor-liquidity">new liquidity</a> options. By 2024, we expanded into a comprehensive Secondaries platform, offering access to Europe’s most exciting growth-stage companies and <a href="https://seedblink.com/en/2024-11-26-all-you-need-to-know-about-seedblink-secondaries">pre-IPO stars</a>. 
The maturation of the secondary market is reshaping European venture capital. With volumes climbing and institutional interest growing, secondaries offer a balanced, strategic way to invest in the future of innovation. 
In our next article, we’ll explore how secondary deals are driving growth across the startup ecosystem—fueling innovation, liquidity, and opportunity. 
Curious to explore secondary opportunities? Visit <a href="https://tech.seedblink.com/secondaries">SeedBlink’s Secondaries</a> platform today.
<a href="https://secondaries.seedblink.com/">See active Secondaries opportunities</a>

Quick liquidity for sellers, smart opportunities for investors

Secondaries: a win-win for investors

The platform offers a frictionless, non-dilutive funding solution, enabling entrepreneurs to focus on scaling their companies without renouncing equity or taking on restrictive debt. By bridging the gap between SaaS companies and investors, Tapline is creating a win-win scenario: immediate access to growth capital for businesses and an attractive, short-term return for investors.
Dean Hastie, co-founder and CEO of Tapline, brings a wealth of experience in investment management and entrepreneurship to the table. With a career spanning high-profile roles in investment banking, venture capital/building, and corporate leadership, Dean’s vision for Tapline is rooted in empowering founders to achieve their goals on their own terms.
1. What inspired you to start Tapline? 
In my previous venture career, we frequently supported SaaS founders with follow-on funding rounds. Despite strong company metrics, these rounds were time-consuming and often pulled founders away from their day-to-day operations. With access to valuable subscription and banking data, we identified an opportunity to: 1) quickly streamline the underwriting process and 2) package this data for investors seeking high-yield returns (+20% APR). When COVID disrupted the market, Peter Grouev, Tapline’s CIO and Co-founder, set out to solve this challenge with a more efficient, data-driven solution that could transform how funding is accessed.
2. How does Tapline’s funding platform work, and what sets it apart from traditional financing options for SaaS companies? 
Tapline’s funding platform offers a seamless, three-click process for SaaS companies to connect their data sources—accounting software, bank accounts, and subscription management software. Powered by our AI-driven credit engine, we quickly assess a company’s financial health and operational metrics to determine financing options. Once a financing agreement is made, capital can be deployed within 48 hours. Unlike traditional financing, our solution is efficient, non-dilutive, and complementary to venture equity, providing SaaS businesses with fast, flexible funding without giving up ownership.
3. What are the main benefits of non-dilutive, non-debt-like capital for founders? 
This capital allows founders to retain full control of their company while providing the flexibility to invest in growth initiatives without giving up equity or taking on traditional debt. Tapline’s solution is especially valuable for marketing spend, offering a direct, measurable ROI tied to the financing, making it both effective and repeatable. Ultimately, this type of capital is an attractive option for short- and medium-term growth, enabling founders to focus on maximizing value without the constraints of traditional financing models.
4. How has your extensive background in investment management and venture capital influenced your approach to building Tapline? 
My background in investment management and venture capital has provided me with a deep understanding of both institutional investor needs and SaaS companies. By combining my banking experience with hands-on involvement in building SaaS ventures, I gained valuable insights into the unique requirements of both sides. This experience has been pivotal in shaping Tapline, enabling us to create a single marketplace that effectively bridges these two worlds.
5. What kind of interest have you seen from SaaS companies and investors? 
We’ve seen significant demand for our product, particularly over the past two years. While traditional funding activity slowed during this time, many SaaS founders sought alternative financing solutions to support their growth. Now, with what I refer to as the ‘rebirth of the alternative lending space,’ SaaS founders are increasingly viewing Tapline as a critical component of their capital stack moving forward. Investors are also recognizing the value of this shift, as it offers a flexible, non-dilutive financing option that complements traditional funding sources.
6. What challenges did you face while developing Tapline? 
This is a question I could write a short novel about, but I’ll keep it brief. As we built a two-sided platform, we faced the classic &quot;chicken and egg&quot; problem. On one side, we had customers seeking capital, but initially, we lacked investors to support them. It was a delicate balancing act—gaining traction on the platform before larger institutional investors, such as banks, family offices, and debt funds, would take notice and provide us with significant funding. Overcoming this key initial challenge has positioned Tapline as a highly attractive investment opportunity for those seeking scalable, non-dilutive financing solutions for SaaS and subscription-based businesses.
7. What’s next for Tapline? Can you share some exciting milestones or developments on the horizon? 
Our key focus is achieving profitability by late 2025, and with strong demand for our product, I’m confident we’ll reach this goal. We’re also excited to integrate AI more broadly into our product and operations. While it’s already enhanced parts of our underwriting process, we’re now exploring efficiency gains across the entire value chain—from client onboarding to collections. This AI implementation will also enable us to scale rapidly and efficiently, driving growth while maintaining operational effectiveness.
8. For investors, why is now the right time to back Tapline? 
Now is the right time to back Tapline due to growing demand for alternative financing solutions and the rapid adoption of AI in financial services. Our scalable, non-dilutive model is perfectly suited for SaaS and subscription-based businesses, and with our new capital-light debt model—where we don’t require equity financing for client financing—we can scale rapidly. With strong market demand and a clear path to profitability by 2025, we are well positioned sustainable growth. 
<a href="https://investors.seedblink.com/invest/tapline/326">Invest now in Tapline on SeedBlink.</a>

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